Pick Llama 4 Maverick for open weights, 1m context or strong image + text understanding. Pick Mistral Medium 3.5 for strong intelligence-for-size — artificial analysis intelligence index 30, near the top of its price tier or 128b dense open-weight model — self-hostable. On a tight budget at scale, Llama 4 Maverick is the value pick.
Llama 4 Maverick (Meta, US) and Mistral Medium 3.5 (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. Llama 4 Maverick is meta's open-weight 1M-context multimodal model for self-hosted deployments. Mistral Medium 3.5 is mistral's efficient 128B open-weight model — a single dense model unifying reasoning and coding that punches above its size on independent tests (AA Index 30). They diverge most on price and context window — each quantified below from the models' real specs.
Key differences
Context window: Llama 4 Maverick holds 3.9× more — 1M (~1,500 pages) vs 256K (~384 pages). But effective recall usually fades long before the advertised ceiling, so the bigger number only helps if the model reasons over it.
Recency: Mistral Medium 3.5 is the newer model by about 13 months (released April 29, 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
Llama 4 Maverick
Mistral Medium 3.5
Provider
Meta (US)
Mistral AI (France)
Released
April 2025
April 29, 2026
Context window
1M (~1,500 pages)
256K (~384 pages)
Price (in/out)
Open weight (self-host / free)
$1.5/$7.5 per 1M tokens
Open weight?
Yes — self-hostable
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
Open weights, 1M context: Llama 4 Maverick — Its 1M window holds about 3.9× more than Mistral Medium 3.5's 256K in a single prompt.
Strong image + text understanding: Llama 4 Maverick — Meta's open-weight 1M-context multimodal model for self-hosted deployments — and it carries the larger 1M context.
Self-hostable: Llama 4 Maverick — Llama 4 Maverick lists self-hostable among its strengths; Mistral Medium 3.5 does not.
Strong intelligence-for-size — Artificial Analysis Intelligence Index 30, near the top of its price tier: Mistral Medium 3.5 — Mistral's efficient 128B open-weight model — a single dense model unifying reasoning and coding that punches above its size on independent tests (AA Index 30) — and it is the newer of the two.
128B dense open-weight model — self-hostable: Mistral Medium 3.5 — Mistral Medium 3.5 lists 128B dense open-weight model — self-hostable among its strengths; Llama 4 Maverick does not.
Unifies reasoning and coding into one model with an adjustable reasoning effort: Mistral Medium 3.5 — Llama 4 Maverick is comparatively weak here — trails closed frontier on reasoning
Lowest cost at scale: Llama 4 Maverick — Its weights are open, so at volume you pay for your own hardware instead of Mistral Medium 3.5's $1.5/$7.5 per 1M tokens.
Largest single-prompt input: Llama 4 Maverick — Its 1M window is about 3.9× larger than Mistral Medium 3.5's 256K, fitting roughly 1,500 pages in one prompt.
Which should you pick?
A cost-sensitive startup shipping high volume: Llama 4 Maverick — At Open weight (self-host / free) it undercuts Mistral Medium 3.5, and on millions of tokens that margin decides the monthly bill.
Someone analysing very long documents or codebases: Llama 4 Maverick — Larger 1M window fits more in one prompt.
Anyone whose priority is open weights, 1m context: Llama 4 Maverick — It is specifically built for that.
Anyone whose priority is strong intelligence-for-size — artificial analysis intelligence index 30, near the top of its price tier: Mistral Medium 3.5 — That is its strongest area.
An enterprise with regional data-residency rules: Llama 4 Maverick or Mistral Medium 3.5 — Origin (US vs France) affects where data is processed and which compliance regime applies — check the provider's terms for your region.
Llama 4 Maverick: where it fits
Meta's open-weight 1M-context multimodal model for self-hosted deployments. Released April 2025 by Meta, it is built for open weights, 1M context, strong image + text understanding, self-hostable, and 400B MoE, 17B active.
Its trade-offs are real: needs serious hardware to self-host, and trails closed frontier on reasoning. As an open-weight model, its running cost is your own hardware rather than a per-token fee.
Mistral Medium 3.5: where it fits
Mistral's efficient 128B open-weight model — a single dense model unifying reasoning and coding that punches above its size on independent tests (AA Index 30). Released April 29, 2026 by Mistral AI, it is built for strong intelligence-for-size — Artificial Analysis Intelligence Index 30, near the top of its price tier, 128B dense open-weight model — self-hostable, unifies reasoning and coding into one model with an adjustable reasoning effort, and 256K context with text and image input.
Its trade-offs: below the absolute frontier — a value/efficiency pick, not a flagship-beater, output pricing ($7.50/M) is higher than the cheapest Chinese rivals, license framing ('open' vs enterprise) varies across sources — confirm terms for commercial use, and no native video or audio. At $1.5 in / $7.5 out per million tokens, it sits in the mid price band.
The bottom line for this matchup
This is less "which is smarter" and more "which ecosystem fits." Llama 4 Maverick (US) and Mistral Medium 3.5 (France) differ on pricing philosophy, data-residency, and tooling as much as on raw scores. Llama 4 Maverick is the cheaper option, which matters at volume. The pragmatic move is to run one real task through both and judge the outputs against your own constraints — including where your data is allowed to be processed.
Frequently asked questions
Is Llama 4 Maverick or Mistral Medium 3.5 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, Llama 4 Maverick leans toward open weights, 1m context while Mistral Medium 3.5 leans toward strong intelligence-for-size — artificial analysis intelligence index 30, near the top of its price tier, and that positioning usually predicts which feels better on your codebase.
Which is cheaper, Llama 4 Maverick or Mistral Medium 3.5?
Llama 4 Maverick is cheaper — Open weight (self-host / free) vs $1.5/$7.5 per 1M tokens.
Which has the bigger context window?
Llama 4 Maverick — 1M vs 256K, about 3.9× larger. Useful only if the model actually reasons over the full window, which not all do.
Can I use both Llama 4 Maverick and Mistral Medium 3.5 together?
Yes — a multi-model platform like LumiChats gives you Llama 4 Maverick, Mistral Medium 3.5 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, Llama 4 Maverick or Mistral Medium 3.5?
Mistral Medium 3.5 — released April 29, 2026, about 13 months after Llama 4 Maverick.
Llama 4 Maverick vs Mistral Medium 3.5
Meta · US | Mistral AI · France · Updated June 2026
Quick verdict
Pick Llama 4 Maverick for open weights, 1m context or strong image + text understanding. Pick Mistral Medium 3.5 for strong intelligence-for-size — artificial analysis intelligence index 30, near the top of its price tier or 128b dense open-weight model — self-hostable. On a tight budget at scale, Llama 4 Maverick is the value pick.
Llama 4 Maverick (Meta, US) and Mistral Medium 3.5 (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. Llama 4 Maverick is meta's open-weight 1M-context multimodal model for self-hosted deployments. Mistral Medium 3.5 is mistral's efficient 128B open-weight model — a single dense model unifying reasoning and coding that punches above its size on independent tests (AA Index 30). They diverge most on price and context window — each quantified below from the models' real specs.
Key differences at a glance
▸Context window: Llama 4 Maverick holds 3.9× more — 1M (~1,500 pages) vs 256K (~384 pages). But effective recall usually fades long before the advertised ceiling, so the bigger number only helps if the model reasons over it.
▸Recency: Mistral Medium 3.5 is the newer model by about 13 months (released April 29, 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
Llama 4 Maverick
Mistral Medium 3.5
Provider
Meta (US)
Mistral AI (France)
Released
April 2025
April 29, 2026
Context window
1M (~1,500 pages)
256K (~384 pages)
Price (in/out)
Open weight (self-host / free)
$1.5/$7.5 per 1M tokens
Open weight?
Yes — self-hostable
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
Open weights, 1M context
Llama 4 Maverick
Its 1M window holds about 3.9× more than Mistral Medium 3.5's 256K in a single prompt.
Strong image + text understanding
Llama 4 Maverick
Meta's open-weight 1M-context multimodal model for self-hosted deployments — and it carries the larger 1M context.
Self-hostable
Llama 4 Maverick
Llama 4 Maverick lists self-hostable among its strengths; Mistral Medium 3.5 does not.
Strong intelligence-for-size — Artificial Analysis Intelligence Index 30, near the top of its price tier
Mistral Medium 3.5
Mistral's efficient 128B open-weight model — a single dense model unifying reasoning and coding that punches above its size on independent tests (AA Index 30) — and it is the newer of the two.
128B dense open-weight model — self-hostable
Mistral Medium 3.5
Mistral Medium 3.5 lists 128B dense open-weight model — self-hostable among its strengths; Llama 4 Maverick does not.
Unifies reasoning and coding into one model with an adjustable reasoning effort
Mistral Medium 3.5
Llama 4 Maverick is comparatively weak here — trails closed frontier on reasoning
Lowest cost at scale
Llama 4 Maverick
Its weights are open, so at volume you pay for your own hardware instead of Mistral Medium 3.5's $1.5/$7.5 per 1M tokens.
Largest single-prompt input
Llama 4 Maverick
Its 1M window is about 3.9× larger than Mistral Medium 3.5's 256K, fitting roughly 1,500 pages in one prompt.
Which should you pick?
A cost-sensitive startup shipping high volume
→ Llama 4 Maverick
At Open weight (self-host / free) it undercuts Mistral Medium 3.5, and on millions of tokens that margin decides the monthly bill.
Someone analysing very long documents or codebases
→ Llama 4 Maverick
Larger 1M window fits more in one prompt.
Anyone whose priority is open weights, 1m context
→ Llama 4 Maverick
It is specifically built for that.
Anyone whose priority is strong intelligence-for-size — artificial analysis intelligence index 30, near the top of its price tier
→ Mistral Medium 3.5
That is its strongest area.
An enterprise with regional data-residency rules
→ Llama 4 Maverick or Mistral Medium 3.5
Origin (US vs France) affects where data is processed and which compliance regime applies — check the provider's terms for your region.
Llama 4 Maverick: where it fits
Meta's open-weight 1M-context multimodal model for self-hosted deployments. Released April 2025 by Meta, it is built for open weights, 1M context, strong image + text understanding, self-hostable, and 400B MoE, 17B active.
Its trade-offs are real: needs serious hardware to self-host, and trails closed frontier on reasoning. As an open-weight model, its running cost is your own hardware rather than a per-token fee.
Mistral Medium 3.5: where it fits
Mistral's efficient 128B open-weight model — a single dense model unifying reasoning and coding that punches above its size on independent tests (AA Index 30). Released April 29, 2026 by Mistral AI, it is built for strong intelligence-for-size — Artificial Analysis Intelligence Index 30, near the top of its price tier, 128B dense open-weight model — self-hostable, unifies reasoning and coding into one model with an adjustable reasoning effort, and 256K context with text and image input.
Its trade-offs: below the absolute frontier — a value/efficiency pick, not a flagship-beater, output pricing ($7.50/M) is higher than the cheapest Chinese rivals, license framing ('open' vs enterprise) varies across sources — confirm terms for commercial use, and no native video or audio. At $1.5 in / $7.5 out per million tokens, it sits in the mid price band.
The bottom line for this matchup
This is less "which is smarter" and more "which ecosystem fits." Llama 4 Maverick (US) and Mistral Medium 3.5 (France) differ on pricing philosophy, data-residency, and tooling as much as on raw scores. Llama 4 Maverick is the cheaper option, which matters at volume. The pragmatic move is to run one real task through both and judge the outputs against your own constraints — including where your data is allowed to be processed.
Want both Llama 4 Maverick and Mistral Medium 3.5 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 Llama 4 Maverick or Mistral Medium 3.5 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, Llama 4 Maverick leans toward open weights, 1m context while Mistral Medium 3.5 leans toward strong intelligence-for-size — artificial analysis intelligence index 30, near the top of its price tier, and that positioning usually predicts which feels better on your codebase.
Which is cheaper, Llama 4 Maverick or Mistral Medium 3.5?
Llama 4 Maverick is cheaper — Open weight (self-host / free) vs $1.5/$7.5 per 1M tokens.
Which has the bigger context window?
Llama 4 Maverick — 1M vs 256K, about 3.9× larger. Useful only if the model actually reasons over the full window, which not all do.
Can I use both Llama 4 Maverick and Mistral Medium 3.5 together?
Yes — a multi-model platform like LumiChats gives you Llama 4 Maverick, Mistral Medium 3.5 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, Llama 4 Maverick or Mistral Medium 3.5?
Mistral Medium 3.5 — released April 29, 2026, about 13 months after Llama 4 Maverick.
Specifications and benchmarks reflect publicly reported figures as of June 2026 and may change as providers release updates. Always verify on your own workload.