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Mistral Small 3.2 24B vs o3 Deep Research

How do these models stack up? Below is an expert side-by-side comparison of specifications, context window capacity, live pricing per million tokens, and standardized benchmark scores for Mistral Small 3.2 24B and o3 Deep Research.

Mistral

Mistral Small 3.2 24B

Mistral-Small-3.2-24B-Instruct-2506 is an updated 24B parameter model from Mistral optimized for instruction following, repetition reduction, and improved function calling. Compared to the 3.1 release, version 3.2 significantly improves accuracy on...

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OpenAI

o3 Deep Research

o3-deep-research is OpenAI's advanced model for deep research, designed to tackle complex, multi-step research tasks. Note: This model always uses the 'web_search' tool which adds additional cost.

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Technical Specifications

SpecificationMistral Small 3.2 24Bo3 Deep Research
ProviderMistralOpenAI
Context Window128,000 tokens200,000 tokens
Agent SuitabilityN/AN/A
Time to First Token (TTFT)N/AN/A
Deployment Modelself hostablemanaged api
Production Stabilitystablestable
API AvailableYesYes
Released Date2025-06-202025-10-10

API Pricing Comparison

Input Price per Million Tokens

Mistral Small 3.2 24B

$0.07

o3 Deep Research

$10.00

Output Price per Million Tokens

Mistral Small 3.2 24B

$0.20

o3 Deep Research

$40.00

Want to test both models live?

Run side-by-side prompt prompts in our dynamic Sandbox. Check execution speeds, latency metrics, and compute actual costs in real-time.

Benchmark Performance Metrics

Scores show the raw performance percentages verified across key evaluation suites. Higher bars indicate superior accuracy and capability in that domain.

Mistral Small 3.2 24B Quirks & Gotchas

No developer gotchas reported.

o3 Deep Research Quirks & Gotchas

No developer gotchas reported.