In short
How they differ.
Worked out from the figures below. Prices and specs are the makers' own, read Oct 20, 2026.
- Mistral Large 4 is cheaper per output token: $2.09 against $7.50 per million tokens, so Mistral Medium 3.5 costs 3.6 times as much.
- Mistral Large 4 reads more at once: a context window of 1M tokens against 256K.
- Mistral Medium 3.5 can be downloaded and run on your own machine; Mistral Large 4 can't.
- No independent board we follow ranks both models yet.
Side by side
The specs.
| Mistral Large 4 | Mistral Medium 3.5 | |
|---|---|---|
| Made by | Mistral AI · France | Mistral AI · France |
| Released | Oct 6, 2026 | Apr 28, 2026 |
| Price per 1M tokens | $0.68 in / $2.09 out (sale price) | $1.50 in / $7.50 out |
| Context window | 1M | 256K |
| Takes in | text, image | text, image |
| Download and run it yourself | No | Yes (Modified MIT) |
| Size | 1.05T parameters, 52B active | 128B (dense) parameters |
| Maker says | “Mistral Large 4 is a state-of-the-art, open-weight, general-purpose multimodal model with a granular Mixture-of-Experts” | “Our frontier-class multimodal model optimized for agentic and coding use cases.” |
| Sources | Prices, Oct 20, 2026 · Description | Prices, Oct 20, 2026 · Description |
Independent tests
Where they place.
None of the boards we follow lists either model yet.
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