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DeepSeek V3.2 vs o3 Deep Research (Comparative Analysis)

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Comparative Analysis: DeepSeek V3.2 vs. o3 Deep Research
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Overview

o3 Deep Research was released 1 month before DeepSeek V3.2.
DeepSeek V3.2DeepSeek V3.2
o3 Deep Researcho3 Deep Research
Model Provider
The organization behind this AI's development
DeepSeek logoDeepSeek
OpenAI logoOpenAI
Input Context Window
Maximum input tokens this model can process at once
163.8K
tokens
200K
tokens
Output Token Limit
Maximum output tokens this model can generate at once
65.5K
tokens
100K
tokens
Release Date
When this model first became publicly available
December 1st, 2025
October 10th, 2025

Capabilities & Features

Compare supported features, modalities, and advanced capabilities
DeepSeek V3.2
o3 Deep Research
Input Types
Supported input formats
📝Text
🖼️Image📝Text📁File
Reasoning Controls
Defaults and configurable reasoning effort
Optional
Optional
Output Types
Supported output formats
📝Text
📝Text
Tokenizer
Text encoding system
DeepSeekGPT
Key Features
Advanced capabilities
Function CallingStructured OutputReasoning ModeContent Moderation
Function CallingStructured OutputReasoning ModeContent Moderation
Open Source
Model availability
Available on HuggingFace →Proprietary

Pricing

DeepSeek V3.2 is roughly 0.03x less expensive compared to o3 Deep Research for input tokens and roughly 0.01x less expensive for output tokens.
DeepSeek V3.2DeepSeek V3.2
o3 Deep Researcho3 Deep Research
Input Token Cost
Cost per million input tokens
$0.27
per million tokens
$10.00
per million tokens
Output Token Cost
Cost per million output tokens
$0.40
per million tokens
$40.00
per million tokens
Web Search Cost
Additional cost for each web search operation
Not specified
$0.01
per search
Cache Read Cost
Cost to reuse cached input tokens
$0.13
per million tokens
$2.50
per million tokens

Benchmarks

Compare relevant benchmarks between DeepSeek V3.2 and o3 Deep Research.
DeepSeek V3.2DeepSeek V3.2
o3 Deep Researcho3 Deep Research
Intelligence Index
Overall model quality across independent evaluations
32
(Artificial Analysis index; higher is better)
Benchmark not available.
Coding Index
Programming performance across independent evaluations
44.2
(Artificial Analysis index; higher is better)
Benchmark not available.
Agentic Index
Ability to complete multi-step agentic tasks
18.3
(Artificial Analysis index; higher is better)
Benchmark not available.
Best Design Arena Score
Highest human-preference Elo score across design arenas
1,200 Elo
(#55 in Website (50.2% win rate))
Benchmark not available.

At a Glance

Quick overview of what makes DeepSeek V3.2 and o3 Deep Research unique.
DeepSeek logoDeepSeek V3.2 by DeepSeek can use external tools and APIs, offers advanced reasoning, generates structured data. It can handle standard conversations with its 163.8K token context window. Very affordable at $0.27/M input and $0.40/M output tokens. Released December 1st, 2025.
OpenAI logoo3 Deep Research by OpenAI understands both text and images, can use external tools and APIs, offers advanced reasoning, generates structured data. It can handle standard conversations with its 200K token context window. Premium pricing at $10.00/M input and $40.00/M output tokens. Includes built-in content moderation for safer outputs. Released October 10th, 2025.

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