Nemotron 3 Ultra Open vs 
Mistral Large 3 2512 Paid
Nemotron 3 Ultra vs Mistral Large 3 2512 compared — price per token, context window, multimodality, openness and which to choose. Can the open-source model replace the paid one? Full 2026 breakdown.
Mistral Large 3 2512 — full profile ›
Prices & specs refreshed from live data · olud.ai
Open-model prices = cheapest provider via OpenRouter; official maker rates may be higher.
$3.13 /M outputNo per-token fees if you self-host
$1.5 /M outputManaged API (no infra to run)
Nemotron 3 Ultra vs Mistral Large 3 2512 specs
| Spec | Nemotron 3 Ultra | Mistral Large 3 2512 | Winner |
|---|---|---|---|
| Maker | NVIDIA | Mistral AI | – |
| Type | Open-weight | Proprietary | |
| Context window | 262K tokens | 262K tokens | = Tie |
| Input price | $0.63/M · free self-host | $0.5/M | |
| Output price | $3.13/M · free self-host | $1.5/M | |
| Vision / multimodal | No | Yes | |
| Tool / function calling | Yes | Yes | = Tie |
| Self-hostable | Yes | No (API only) | |
| License | NVIDIA Open Model | Proprietary |
Price gap & when to choose each
Mistral Large 3 2512 is ~2.1× cheaper than Nemotron 3 Ultra on output tokens ($1.5 vs $3.13 per M tokens).
- You want to self-host or run on your cloud
- You prioritize data privacy & control
- You are building open or reproducible AI
- You want frontier performance through a managed API
- You want the lower output price
- You value reliability & ecosystem
- You don't want to manage infrastructure
Feature comparison
| Capability | Nemotron 3 Ultra | Mistral Large 3 2512 |
|---|---|---|
| Open weights (downloadable) | ✓ | ✗ |
| Self-hostable | ✓ | ✗ |
| Runs fully offline | ✓ | ✗ |
| Vision / multimodal | ✗ | ✓ |
| Tool / function calling | ✓ | ✓ |
| 1M+ context window | ✗ | ✗ |
Benchmarks: Nemotron 3 Ultra vs Mistral Large 3 2512
Independent benchmark scores measured by Artificial Analysis. Higher is better (except latency).
Benchmark data by Artificial Analysis.
How Nemotron 3 Ultra and Mistral Large 3 2512 score
| Criterion | Nemotron 3 Ultra | Mistral Large 3 2512 |
|---|---|---|
| Cost-efficiency | 4.0 | 4.5 |
| Context window | 4.0 | 4.0 |
| Openness | 5.0 | 1.5 |
| Self-hosting | 5.0 | 1.0 |
| Multimodality | 3.5 | 5.0 |
Scores come from live data — output price (cost), context length, open vs closed weights (openness & self-hosting) and vision/tool support (multimodality). Raw task quality isn't scored here; it depends on your benchmark — see the verdict.
What each model is
Nemotron 3 Ultra Open
NVIDIA Nemotron 3 Ultra is an open frontier-reasoning and orchestration model from NVIDIA, with 55B active parameters out of 550B total (MoE). Built on a hybrid Transformer-Mamba mixture-of-experts architecture, it...
Mistral Large 3 2512 Paid
Mistral Large 3 2512 is Mistral’s most capable model to date, featuring a sparse mixture-of-experts architecture with 41B active parameters (675B total), and released under the Apache 2.0 license.
Other models in these families
These variants are tracked but not compared here — one page per family keeps the comparison readable.
Frequently asked questions
Is Nemotron 3 Ultra as good as Mistral Large 3 2512?
Nemotron 3 Ultra is open-weight and competitive on many tasks, but Mistral Large 3 2512 may still lead on the hardest reasoning and agentic work. The gap keeps narrowing — benchmark both on your actual use case before deciding.
Can I run Nemotron 3 Ultra locally?
Yes. Nemotron 3 Ultra has open weights, so you can self-host it on your own GPUs or run it via a low-cost API. Mistral Large 3 2512 is API-only and cannot be self-hosted.
Nemotron 3 Ultra vs Mistral Large 3 2512 — which should I pick in 2026?
Choose Nemotron 3 Ultra if you want to self-host, keep your data private and skip per-token fees — it's open-weight and runs on your own hardware. Choose Mistral Large 3 2512 if you want frontier capability through a managed API with zero infrastructure to run.
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