Mistral AI vs 
Zhipu AI
Verdict
- Zhipu AI's flagship leads: GLM 5.3 at 63.5 vs Mistral Large 4 at 56.7.
- Zhipu AI has the better model in 4 of 4 price bands.
- Mistral AI's fastest ranked model (Ministral 3 3B, 207 tok/s) beats Zhipu AI's (GLM 5.2, 94 tok/s).
- Mistral AI publishes more open-weights models (32 vs 15).
- Mistral AI ships more often: one model every 28 days against every 28.
Best model per price band
Each provider’s highest-index model below the price ceiling. Purple marks the winner of the band.
| Price band | Mistral AI | Zhipu AI |
|---|---|---|
| Under $0.50/M | Mistral Small 4 thinking 45.6$0.262/M | GLM 5.3 Flash 62.7$0.238/M |
| Under $2/M | Mistral Medium 3.1 46.1$0.800/M | GLM 5.3 Flash 62.7$0.238/M |
| Under $10/M | Mistral Large 4 56.7$2.06/M | GLM 5.3 max 63.5$2.15/M |
| Any price | Mistral Large 4 56.7$2.06/M | GLM 5.3 max 63.5$2.15/M |
Line-up
| Metric | Mistral AI | Zhipu AI |
|---|---|---|
| Flagship index | 56.7 | 63.5 |
| Ranked models | 31 | 14 |
| Open-weights models | 32 | 15 |
| Cheapest ranked, $/M | $0.058 | $0.153 |
| Fastest ranked, tok/s | 207 | 94 |
| Release cadence, days | 28 | 28 |
| Last release | 6 Oct 2026 | 18 Sept 2026 |
| Next expected | 22 Oct 2026 – 14 Nov 2026 | 4 Oct 2026 – 27 Oct 2026 |
Data as of 25 Oct 2026. See Mistral AI and Zhipu AI in full.