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Llama 3.2 1B Instruct vs Mistral Small 3.1 24B (Comparative Analysis)

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Comparative Analysis: Llama 3.2 1B Instruct vs. Mistral Small 3.1 24B
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Overview

Llama 3.2 1B Instruct was released 5 months before Mistral Small 3.1 24B.
Llama 3.2 1B InstructLlama 3.2 1B Instruct
Mistral Small 3.1 24BMistral Small 3.1 24B
Model Provider
The organization behind this AI's development
Meta logoMeta
Mistral logoMistral
Input Context Window
Maximum input tokens this model can process at once
60K
tokens
128K
tokens
Output Token Limit
Maximum output tokens this model can generate at once
60K
tokens
128K
tokens
Release Date
When this model first became publicly available
September 25th, 2024
March 17th, 2025
Knowledge Cutoff
Latest training-data date reported by the provider
December 31, 2023
October 31, 2023

Capabilities & Features

Compare supported features, modalities, and advanced capabilities
Llama 3.2 1B Instruct
Mistral Small 3.1 24B
Input Types
Supported input formats
📝Text
📝Text🖼️Image
Output Types
Supported output formats
📝Text
📝Text
Tokenizer
Text encoding system
Llama3Mistral
Key Features
Advanced capabilities
Function CallingStructured OutputReasoning ModeContent Moderation
Function CallingStructured OutputReasoning ModeContent Moderation
Open Source
Model availability
Available on HuggingFace →Available on HuggingFace →

Pricing

Llama 3.2 1B Instruct is roughly 0.09x less expensive compared to Mistral Small 3.1 24B for input tokens and roughly 0.4x less expensive for output tokens.
Llama 3.2 1B InstructLlama 3.2 1B Instruct
Mistral Small 3.1 24BMistral Small 3.1 24B
Input Token Cost
Cost per million input tokens
$0.03
per million tokens
$0.35
per million tokens
Output Token Cost
Cost per million output tokens
$0.20
per million tokens
$0.55
per million tokens

At a Glance

Quick overview of what makes Llama 3.2 1B Instruct and Mistral Small 3.1 24B unique.
Meta logoLlama 3.2 1B Instruct by Meta is a text-based AI model. It can handle standard conversations with its 60K token context window. Very affordable at $0.03/M input and $0.20/M output tokens. Released September 25th, 2024.
Mistral logoMistral Small 3.1 24B by Mistral understands both text and images. It can handle standard conversations with its 128K token context window. Very affordable at $0.35/M input and $0.55/M output tokens. Released March 17th, 2025.

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