Gemini 3.8 Flash (High) from Google and Mistral Large 4 Preview from Mistral are both tracked in Franklin AI's benchmark catalogue. Time to first token is the standout number here: 1.9 seconds for Mistral Large 4 Preview, 27 seconds for Gemini 3.8 Flash High. The figures come from tracked catalogue data, not from our own testing, so treat them as a starting point for a trial on your tasks.
Throughput and time to first token
Gemini 3.8 Flash High generates about 121 tokens per second and Mistral Large 4 Preview about 130 tokens per second. Throughput is close to level. Time to first token is 27 seconds for Gemini 3.8 Flash High and 1.9 seconds for Mistral Large 4 Preview. Gemini 3.8 Flash High waits 14 times as long before its first token.
Add the two numbers up for a 2,000-token reply and Mistral Large 4 Preview finishes first: 44 seconds for Gemini 3.8 Flash High, 17 seconds for Mistral Large 4 Preview.
The headline benchmark
On the intelligence index, Gemini 3.8 Flash High scores 30.8 against 25.3 for Mistral Large 4 Preview. It is a meaningful gap rather than a rounding difference. In relative terms, Gemini 3.8 Flash High scores 22% higher.
Across the 109 active models with an intelligence score in the catalogue, Gemini 3.8 Flash High ranks 50th and Mistral Large 4 Preview ranks 67th.
The catalogue does not yet split either model's score into coding and math indexes.
What they cost
Gemini 3.8 Flash High lists $0.75 per million input tokens and $3.75 per million output tokens; Mistral Large 4 Preview lists $0.70 and $2.10. That makes Mistral Large 4 Preview's output 44% cheaper.
A reference job of 1 million input tokens and 200,000 output tokens costs $1.50 with Gemini 3.8 Flash High and $1.12 with Mistral Large 4 Preview, so Mistral Large 4 Preview saves $0.38. Scale it up to a chat app with 50,000 sessions of 800 input and 300 output tokens and the bill is $86.25 for Gemini 3.8 Flash High against $59.50 for Mistral Large 4 Preview.
Release timing
Gemini 3.8 Flash High came first, on September 2, 2026; Mistral Large 4 Preview followed on October 6, 2026. They are effectively contemporaries.
Value for money
A blunt value measure, blended price over intelligence score, puts Gemini 3.8 Flash High at $0.049 and Mistral Large 4 Preview at $0.042 per point. So Gemini 3.8 Flash High buys its higher score at a premium, while Mistral Large 4 Preview is the value pick, paying 15% less per point.

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