Here is how GLM-5.3 (Max), built by Z AI, lines up against Mistral Large 4 (High) from Mistral. The biggest gap is output speed, where Mistral Large 4 High records 139 tokens per second and GLM-5.3 Max 74 tokens per second. 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.
Mistral Large 4 High is the faster writer
Measured output speed is 74 tokens per second for GLM-5.3 Max and 139 tokens per second for Mistral Large 4 High. Mistral Large 4 High is ahead by 89% on throughput. Time to first token is 1.7 seconds for GLM-5.3 Max and 1.7 seconds for Mistral Large 4 High.
Put together, an 800-token answer would take about 13 seconds from GLM-5.3 Max and 7.5 seconds from Mistral Large 4 High, counting the first-token wait. Counting that wait, Mistral Large 4 High only pulls ahead on outputs beyond about 50 tokens.
Release timing
Mistral Large 4 High arrived on October 29, 2026, about 2 months after GLM-5.3 Max (August 18, 2026).
Token pricing and a sample bill
The list prices are $1.40 in and $4.40 out for GLM-5.3 Max, and $0.70 in and $2.10 out for Mistral Large 4 High, per million tokens. That makes Mistral Large 4 High's output 52% cheaper.
A reference job of 1 million input tokens and 200,000 output tokens costs $2.28 with GLM-5.3 Max and $1.12 with Mistral Large 4 High, so Mistral Large 4 High saves $1.16. A bigger example, extracting fields from 20,000 pages of 1,500 tokens into 150-token records, costs $55.20 on GLM-5.3 Max and $27.30 on Mistral Large 4 High: a gap of $27.90. On a 3:1 blend of input to output tokens, that works out to $2.15 versus $1.05 per million.
Overall capability: 5.6 points apart
The catalogue puts GLM-5.3 Max at 31.7 and Mistral Large 4 High at 26.1 on its intelligence index. That is a clear margin for an index that averages many evaluations.
Among 109 active scored models, GLM-5.3 Max sits 47th and Mistral Large 4 High 65th.
Specialist coding and math indexes are missing for both, so treat the overall score as the only capability signal here.
Cost per point of intelligence
Per point of intelligence index, GLM-5.3 Max costs $0.068 of blended price per million tokens and Mistral Large 4 High $0.040. Mistral Large 4 High delivers each index point for 41% less; whether GLM-5.3 Max's extra 5.6 points are worth the premium depends on how often your tasks need them.

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