This comparison puts Google's Gemini 3.8 Flash (High) next to Mistral's Mistral Large 4 (High). Everything below is read from the benchmark, price and speed data in Franklin AI's catalogue; nothing here comes from a hands-on test. What separates them most is responsiveness; Gemini 3.8 Flash High takes 27 seconds to produce its first token, Mistral Large 4 High 1.7 seconds.
Mistral Large 4 High is the faster writer
Gemini 3.8 Flash High generates about 121 tokens per second and Mistral Large 4 High about 139 tokens per second. On long outputs, that is a real advantage for Mistral Large 4 High. Time to first token is 27 seconds for Gemini 3.8 Flash High and 1.7 seconds for Mistral Large 4 High. Mistral Large 4 High gets to its first token 16 times as fast.
For a 600-token response, first token plus generation comes to roughly 32 seconds on Gemini 3.8 Flash High and 6.0 seconds on Mistral Large 4 High.
The headline benchmark
Gemini 3.8 Flash High comes out ahead on the intelligence index, 30.8 to 26.1. It is a meaningful gap rather than a rounding difference.
For context, that places Gemini 3.8 Flash High 50th and Mistral Large 4 High 65th out of 109 scored models still on offer.
Specialist coding and math indexes are missing for both, so treat the overall score as the only capability signal here.
Price per token
The list prices are $0.75 in and $3.75 out for Gemini 3.8 Flash High, and $0.70 in and $2.10 out for Mistral Large 4 High, per million tokens. Gemini 3.8 Flash High costs 1.8 times as much per output token.
Take 1 million input tokens and 200,000 output tokens: that comes to $1.50 on Gemini 3.8 Flash High and $1.12 on Mistral Large 4 High. Scale it up to a month of coding-assistant traffic at 30 million input and 3 million output tokens and the bill is $33.75 for Gemini 3.8 Flash High against $27.30 for Mistral Large 4 High. Blended at three input tokens per output token, the effective rates are $1.50 for Gemini 3.8 Flash High and $1.05 for Mistral Large 4 High.
Value for money
Per point of intelligence index, Gemini 3.8 Flash High costs $0.049 of blended price per million tokens and Mistral Large 4 High $0.040. Gemini 3.8 Flash High costs 1.2 times as much per point, which is the price of its lead.
Generation gap
Mistral Large 4 High arrived on October 29, 2026, about 2 months after Gemini 3.8 Flash High (September 2, 2026).

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