Claude 4.5 Haiku (Reasoning) vs Mistral Large 3
Which is better for the money: Claude 4.5 Haiku (Reasoning) by Anthropic or Mistral Large 3 by Mistral? Intelligence, total benchmark cost, and end-to-end time from Artificial Analysis & other sources, snapshot 2026-10-25.
Trade-off
Verdict
Depends on your budget
Claude 4.5 Haiku (Reasoning) scores 7.6 points higher (16.9 vs 9.3) but costs 13× as much to run the benchmark ($594 vs $46.4; premium vs budget cost classes). They are not alternatives at one budget: pick Claude 4.5 Haiku (Reasoning) when you need intelligence above 9.3, and Mistral Large 3 when 9.3 is enough.
| Metric | Claude 4.5 Haiku (Reasoning) | Mistral Large 3 | Difference |
|---|---|---|---|
| Intelligence (higher is better) | 16.9 | 9.3 | −45.0% Mistral Large 3 is 45.0% less intelligent |
| Total AA cost (lower is better) | $594.08 | $46.41 | −92.2% Mistral Large 3 is 92.2% cheaper |
| End-to-end time (lower is better) | 23.70s | 7.23s | −69.5% Mistral Large 3 is 69.5% faster |
| Price per 1M tokens (in / out) | $1.00 / $5.00 | $0.50 / $1.50 | |
| Input modalities | Text, Image | Text, Image |
Mistral Large 3 vs Claude 4.5 Haiku (Reasoning): 45.0% less intelligence, 92.2% less cost to run the AA benchmark, and 69.5% faster end-to-end.
Today's Pareto frontier
Against the frontier
- Claude 4.5 Haiku (Reasoning) is off the frontier: at the same or lower cost, GPT-6.1 Sol (High) scores 50.20 for $521.
- Mistral Large 3 is off the frontier: at the same or lower cost, GPT-6 Luna (Medium) scores 29.90 for $31.2.
Claude 4.5 Haiku (Reasoning)Mistral Large 3Today's Pareto frontierOpen-weights frontierEvery other model
Matchup
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