Pick Grok 4.7 for 2.1 trillion parameters, up 40% from grok 4.6's 1.5 trillion, at the same $2/$6 per million token price or deepswe v1.1 (high effort): 71.0%, up from grok 4.6's 65.2%; cursorbench 4.0: 46.3%, up from 40.4%. Pick Mistral Small 3.2 24B for extremely cheap open-weight model at about $0.075/$0.20 hosted or self-hostable under apache-2.0 with no per-token cost. Choose Mistral Small 3.2 24B if you need self-hosting or data privacy; Grok 4.7 if you want a managed API.
Grok 4.7 (xAI, US) and Mistral Small 3.2 24B (Mistral AI, France) line up two different AI ecosystems against each other — a comparison that is as much about cost philosophy and openness as raw capability. Grok 4.7 is xAI's September 21, 2026 update — a 2.1T-parameter model trained partly on SpaceX hardware data, same price as Grok 4.6 but stronger on coding benchmarks. Mistral Small 3.2 24B is mistral's Apache-2.0 open 24B model at about $0.075/$0.20 hosted — very cheap and self-hostable, sized for volume over frontier quality. They diverge most on price, context window and open vs. closed weights — each quantified below from the models' real specs.
Key differences
Price: Mistral Small 3.2 24B is about 27× cheaper on input ($0.075/$0.2 per 1M tokens vs $2/$6 per 1M tokens) — a large enough gap that at scale it can be the single biggest line item in the decision.
Context window: Grok 4.7 holds 3.8× more — 500K tokens (~750 pages) vs 128K (~197 pages). But effective recall usually fades long before the advertised ceiling, so the bigger number only helps if the model reasons over it.
Recency: Grok 4.7 is the newer model by about 15 months (released September 21, 2026), usually meaning fresher training data and capabilities.
Ecosystem: this is a US-vs-France matchup — they differ in pricing philosophy, data-residency options, and tooling ecosystems, not only benchmarks.
Specifications
Spec
Grok 4.7
Mistral Small 3.2 24B
Provider
xAI (US)
Mistral AI (France)
Released
September 21, 2026
June 20, 2025
Context window
500K tokens (~750 pages)
128K (~197 pages)
Price (in/out)
$2/$6 per 1M tokens
$0.075/$0.2 per 1M tokens
Open weight?
No — API only
Yes — self-hostable
Modalities
text, image, code
text, image, code
SWE-Bench Verified
Not published
Not published
MRCR v2 @ 1M
Not published
Not published
Who wins what
2.1 trillion parameters, up 40% from Grok 4.6's 1.5 trillion, at the same $2/$6 per million token price: Grok 4.7 — Its 500K tokens window holds about 3.8× more than Mistral Small 3.2 24B's 128K in a single prompt.
DeepSWE v1.1 (high effort): 71.0%, up from Grok 4.6's 65.2%; CursorBench 4.0: 46.3%, up from 40.4%: Grok 4.7 — XAI's September 21, 2026 update — a 2.1T-parameter model trained partly on SpaceX hardware data, same price as Grok 4.6 but stronger on coding benchmarks — and it carries the larger 500K tokens context.
Trained with supplemental SpaceX data (Starlink telemetry, manufacturing records, engineering failure logs) — xAI says this improves reasoning about hardware and physical systems: Grok 4.7 — XAI's September 21, 2026 update — a 2.1T-parameter model trained partly on SpaceX hardware data, same price as Grok 4.6 but stronger on coding benchmarks — and it is the newer of the two.
Extremely cheap open-weight model at about $0.075/$0.20 hosted: Mistral Small 3.2 24B — At $0.075/$0.2 per 1M tokens it undercuts Grok 4.7 ($2/$6 per 1M tokens), and that gap compounds at volume.
Self-hostable under Apache-2.0 with no per-token cost: Mistral Small 3.2 24B — Open weights make this possible at all — Grok 4.7 is API-only, so it cannot leave the vendor's servers.
Instruction following and function calling at 24B scale: Mistral Small 3.2 24B — Mistral's Apache-2.0 open 24B model at about $0.075/$0.20 hosted — very cheap and self-hostable, sized for volume over frontier quality — and it runs cheaper at $0.075/$0.2 per 1M tokens.
Lowest cost at scale: Mistral Small 3.2 24B — At $0.075/$0.2 per 1M tokens, it is the cheaper of the two — the gap dominates the bill on high-volume workloads.
Largest single-prompt input: Grok 4.7 — Its 500K tokens window is about 3.8× larger than Mistral Small 3.2 24B's 128K, fitting roughly 750 pages in one prompt.
Which should you pick?
A cost-sensitive startup shipping high volume: Mistral Small 3.2 24B — At $0.075/$0.2 per 1M tokens it undercuts Grok 4.7, and on millions of tokens that margin decides the monthly bill.
Someone analysing very long documents or codebases: Grok 4.7 — Larger 500K tokens window fits more in one prompt.
A team with data-privacy or self-hosting needs: Mistral Small 3.2 24B — Open weights let you run it on your own hardware; Grok 4.7 is API-only.
Anyone whose priority is 2.1 trillion parameters, up 40% from grok 4.6's 1.5 trillion, at the same $2/$6 per million token price: Grok 4.7 — It is specifically built for that.
Anyone whose priority is extremely cheap open-weight model at about $0.075/$0.20 hosted: Mistral Small 3.2 24B — That is its strongest area.
An enterprise with regional data-residency rules: Grok 4.7 or Mistral Small 3.2 24B — Origin (US vs France) affects where data is processed and which compliance regime applies — check the provider's terms for your region.
Grok 4.7: where it fits
XAI's September 21, 2026 update — a 2.1T-parameter model trained partly on SpaceX hardware data, same price as Grok 4.6 but stronger on coding benchmarks. Released September 21, 2026 by xAI, it is built for 2.1 trillion parameters, up 40% from Grok 4.6's 1.5 trillion, at the same $2/$6 per million token price, deepSWE v1.1 (high effort): 71.0%, up from Grok 4.6's 65.2%; CursorBench 4.0: 46.3%, up from 40.4%, trained with supplemental SpaceX data (Starlink telemetry, manufacturing records, engineering failure logs) — xAI says this improves reasoning about hardware and physical systems, and xAI's strongest safety guardrails to date, per the company.
Its trade-offs are real: release was delayed at least five times since late July 2026 before shipping, 500K context window trails several rivals now sitting at 1M+, and reviewers note it arrives "late to the AI frontier party" against GPT-6 Astra, Claude Fable 5.1 and Opus 5.5, all shipped in the weeks just before it. At $2 in / $6 out per million tokens, it sits in the mid price band.
Mistral Small 3.2 24B: where it fits
Mistral's Apache-2.0 open 24B model at about $0.075/$0.20 hosted — very cheap and self-hostable, sized for volume over frontier quality. Released June 20, 2025 by Mistral AI, it is built for extremely cheap open-weight model at about $0.075/$0.20 hosted, self-hostable under Apache-2.0 with no per-token cost, instruction following and function calling at 24B scale, and runs on modest hardware for local or private deployment.
Its trade-offs: a 24B small model — not a frontier reasoner, context reported as 256K but some references cite 128K native, no published SWE-Bench Verified score, and hosted prices vary by provider; the figure shown is a common host rate. At $0.075 in / $0.2 out per million tokens, it sits in the budget price band.
The bottom line for this matchup
The defining split here is open vs. closed. Mistral Small 3.2 24B gives you weights you control — self-host it, fine-tune it, keep data in-house, pay only for hardware. Grok 4.7 gives you a managed, always-updated API with no infrastructure to run. Teams with GPUs, privacy requirements, or huge volume often favour the open model; teams that want zero ops and the latest capabilities favour the closed one. Capability is close enough that this operational question, not the benchmark, usually decides it.
Frequently asked questions
Is Grok 4.7 or Mistral Small 3.2 24B better for coding?
Public SWE-Bench figures are not available for either model, so the honest test is your own repository — run an identical real bug through both. By design, Grok 4.7 leans toward 2.1 trillion parameters, up 40% from grok 4.6's 1.5 trillion, at the same $2/$6 per million token price while Mistral Small 3.2 24B leans toward extremely cheap open-weight model at about $0.075/$0.20 hosted, and that positioning usually predicts which feels better on your codebase.
Which is cheaper, Grok 4.7 or Mistral Small 3.2 24B?
Mistral Small 3.2 24B is open-weight, so self-hosting means no per-token fee (you pay for hardware instead), while Grok 4.7 is API-metered at $2/$6 per 1M tokens. For most teams without GPUs, the API model is cheaper to start; at very high volume, self-hosting can win.
Which has the bigger context window?
Grok 4.7 — 500K tokens vs 128K, about 3.8× larger. Useful only if the model actually reasons over the full window, which not all do.
Can I use both Grok 4.7 and Mistral Small 3.2 24B together?
Yes — a multi-model platform like LumiChats gives you Grok 4.7, Mistral Small 3.2 24B and 40+ others under one ₹69/day pass (about $1/day), so you can draft with one and cross-check with the other instead of buying two subscriptions.
Which is newer, Grok 4.7 or Mistral Small 3.2 24B?
Grok 4.7 — released September 21, 2026, about 15 months after Mistral Small 3.2 24B.
Grok 4.7 vs Mistral Small 3.2 24B
xAI · US | Mistral AI · France · Updated June 2026
Quick verdict
Pick Grok 4.7 for 2.1 trillion parameters, up 40% from grok 4.6's 1.5 trillion, at the same $2/$6 per million token price or deepswe v1.1 (high effort): 71.0%, up from grok 4.6's 65.2%; cursorbench 4.0: 46.3%, up from 40.4%. Pick Mistral Small 3.2 24B for extremely cheap open-weight model at about $0.075/$0.20 hosted or self-hostable under apache-2.0 with no per-token cost. Choose Mistral Small 3.2 24B if you need self-hosting or data privacy; Grok 4.7 if you want a managed API.
Grok 4.7 (xAI, US) and Mistral Small 3.2 24B (Mistral AI, France) line up two different AI ecosystems against each other — a comparison that is as much about cost philosophy and openness as raw capability. Grok 4.7 is xAI's September 21, 2026 update — a 2.1T-parameter model trained partly on SpaceX hardware data, same price as Grok 4.6 but stronger on coding benchmarks. Mistral Small 3.2 24B is mistral's Apache-2.0 open 24B model at about $0.075/$0.20 hosted — very cheap and self-hostable, sized for volume over frontier quality. They diverge most on price, context window and open vs. closed weights — each quantified below from the models' real specs.
Key differences at a glance
▸Price: Mistral Small 3.2 24B is about 27× cheaper on input ($0.075/$0.2 per 1M tokens vs $2/$6 per 1M tokens) — a large enough gap that at scale it can be the single biggest line item in the decision.
▸Context window: Grok 4.7 holds 3.8× more — 500K tokens (~750 pages) vs 128K (~197 pages). But effective recall usually fades long before the advertised ceiling, so the bigger number only helps if the model reasons over it.
▸Recency: Grok 4.7 is the newer model by about 15 months (released September 21, 2026), usually meaning fresher training data and capabilities.
▸Ecosystem: this is a US-vs-France matchup — they differ in pricing philosophy, data-residency options, and tooling ecosystems, not only benchmarks.
Side-by-side specs
Spec
Grok 4.7
Mistral Small 3.2 24B
Provider
xAI (US)
Mistral AI (France)
Released
September 21, 2026
June 20, 2025
Context window
500K tokens (~750 pages)
128K (~197 pages)
Price (in/out)
$2/$6 per 1M tokens
$0.075/$0.2 per 1M tokens
Open weight?
No — API only
Yes — self-hostable
Modalities
text, image, code
text, image, code
SWE-Bench Verified
Not published
Not published
MRCR v2 @ 1M
Not published
Not published
Who wins what
2.1 trillion parameters, up 40% from Grok 4.6's 1.5 trillion, at the same $2/$6 per million token price
Grok 4.7
Its 500K tokens window holds about 3.8× more than Mistral Small 3.2 24B's 128K in a single prompt.
DeepSWE v1.1 (high effort): 71.0%, up from Grok 4.6's 65.2%; CursorBench 4.0: 46.3%, up from 40.4%
Grok 4.7
XAI's September 21, 2026 update — a 2.1T-parameter model trained partly on SpaceX hardware data, same price as Grok 4.6 but stronger on coding benchmarks — and it carries the larger 500K tokens context.
Trained with supplemental SpaceX data (Starlink telemetry, manufacturing records, engineering failure logs) — xAI says this improves reasoning about hardware and physical systems
Grok 4.7
XAI's September 21, 2026 update — a 2.1T-parameter model trained partly on SpaceX hardware data, same price as Grok 4.6 but stronger on coding benchmarks — and it is the newer of the two.
Extremely cheap open-weight model at about $0.075/$0.20 hosted
Mistral Small 3.2 24B
At $0.075/$0.2 per 1M tokens it undercuts Grok 4.7 ($2/$6 per 1M tokens), and that gap compounds at volume.
Self-hostable under Apache-2.0 with no per-token cost
Mistral Small 3.2 24B
Open weights make this possible at all — Grok 4.7 is API-only, so it cannot leave the vendor's servers.
Instruction following and function calling at 24B scale
Mistral Small 3.2 24B
Mistral's Apache-2.0 open 24B model at about $0.075/$0.20 hosted — very cheap and self-hostable, sized for volume over frontier quality — and it runs cheaper at $0.075/$0.2 per 1M tokens.
Lowest cost at scale
Mistral Small 3.2 24B
At $0.075/$0.2 per 1M tokens, it is the cheaper of the two — the gap dominates the bill on high-volume workloads.
Largest single-prompt input
Grok 4.7
Its 500K tokens window is about 3.8× larger than Mistral Small 3.2 24B's 128K, fitting roughly 750 pages in one prompt.
Which should you pick?
A cost-sensitive startup shipping high volume
→ Mistral Small 3.2 24B
At $0.075/$0.2 per 1M tokens it undercuts Grok 4.7, and on millions of tokens that margin decides the monthly bill.
Someone analysing very long documents or codebases
→ Grok 4.7
Larger 500K tokens window fits more in one prompt.
A team with data-privacy or self-hosting needs
→ Mistral Small 3.2 24B
Open weights let you run it on your own hardware; Grok 4.7 is API-only.
Anyone whose priority is 2.1 trillion parameters, up 40% from grok 4.6's 1.5 trillion, at the same $2/$6 per million token price
→ Grok 4.7
It is specifically built for that.
Anyone whose priority is extremely cheap open-weight model at about $0.075/$0.20 hosted
→ Mistral Small 3.2 24B
That is its strongest area.
An enterprise with regional data-residency rules
→ Grok 4.7 or Mistral Small 3.2 24B
Origin (US vs France) affects where data is processed and which compliance regime applies — check the provider's terms for your region.
Grok 4.7: where it fits
XAI's September 21, 2026 update — a 2.1T-parameter model trained partly on SpaceX hardware data, same price as Grok 4.6 but stronger on coding benchmarks. Released September 21, 2026 by xAI, it is built for 2.1 trillion parameters, up 40% from Grok 4.6's 1.5 trillion, at the same $2/$6 per million token price, deepSWE v1.1 (high effort): 71.0%, up from Grok 4.6's 65.2%; CursorBench 4.0: 46.3%, up from 40.4%, trained with supplemental SpaceX data (Starlink telemetry, manufacturing records, engineering failure logs) — xAI says this improves reasoning about hardware and physical systems, and xAI's strongest safety guardrails to date, per the company.
Its trade-offs are real: release was delayed at least five times since late July 2026 before shipping, 500K context window trails several rivals now sitting at 1M+, and reviewers note it arrives "late to the AI frontier party" against GPT-6 Astra, Claude Fable 5.1 and Opus 5.5, all shipped in the weeks just before it. At $2 in / $6 out per million tokens, it sits in the mid price band.
Mistral Small 3.2 24B: where it fits
Mistral's Apache-2.0 open 24B model at about $0.075/$0.20 hosted — very cheap and self-hostable, sized for volume over frontier quality. Released June 20, 2025 by Mistral AI, it is built for extremely cheap open-weight model at about $0.075/$0.20 hosted, self-hostable under Apache-2.0 with no per-token cost, instruction following and function calling at 24B scale, and runs on modest hardware for local or private deployment.
Its trade-offs: a 24B small model — not a frontier reasoner, context reported as 256K but some references cite 128K native, no published SWE-Bench Verified score, and hosted prices vary by provider; the figure shown is a common host rate. At $0.075 in / $0.2 out per million tokens, it sits in the budget price band.
The bottom line for this matchup
The defining split here is open vs. closed. Mistral Small 3.2 24B gives you weights you control — self-host it, fine-tune it, keep data in-house, pay only for hardware. Grok 4.7 gives you a managed, always-updated API with no infrastructure to run. Teams with GPUs, privacy requirements, or huge volume often favour the open model; teams that want zero ops and the latest capabilities favour the closed one. Capability is close enough that this operational question, not the benchmark, usually decides it.
Want both Grok 4.7 and Mistral Small 3.2 24B without two subscriptions? LumiChats gives you these plus 40+ models under one ₹69/day pass (about $1/day) — draft with one, cross-check with the other.
Is Grok 4.7 or Mistral Small 3.2 24B better for coding?
Public SWE-Bench figures are not available for either model, so the honest test is your own repository — run an identical real bug through both. By design, Grok 4.7 leans toward 2.1 trillion parameters, up 40% from grok 4.6's 1.5 trillion, at the same $2/$6 per million token price while Mistral Small 3.2 24B leans toward extremely cheap open-weight model at about $0.075/$0.20 hosted, and that positioning usually predicts which feels better on your codebase.
Which is cheaper, Grok 4.7 or Mistral Small 3.2 24B?
Mistral Small 3.2 24B is open-weight, so self-hosting means no per-token fee (you pay for hardware instead), while Grok 4.7 is API-metered at $2/$6 per 1M tokens. For most teams without GPUs, the API model is cheaper to start; at very high volume, self-hosting can win.
Which has the bigger context window?
Grok 4.7 — 500K tokens vs 128K, about 3.8× larger. Useful only if the model actually reasons over the full window, which not all do.
Can I use both Grok 4.7 and Mistral Small 3.2 24B together?
Yes — a multi-model platform like LumiChats gives you Grok 4.7, Mistral Small 3.2 24B and 40+ others under one ₹69/day pass (about $1/day), so you can draft with one and cross-check with the other instead of buying two subscriptions.
Which is newer, Grok 4.7 or Mistral Small 3.2 24B?
Grok 4.7 — released September 21, 2026, about 15 months after Mistral Small 3.2 24B.
Specifications and benchmarks reflect publicly reported figures as of June 2026 and may change as providers release updates. Always verify on your own workload.