Kimi K2 Thinking vs Mistral Small 3.1 24B Instruct

Moonshot AI

Kimi K2 Thinking, released by Moonshot AI on November 6, 2025, is a reasoning-focused variant of Kimi K2 with 1 trillion total parameters and 32 billion active parameters, featuring extended chain-of-thought processing for complex problem solving. It builds on K2's agentic coding strengths with additional capabilities for mathematical and scientific reasoning. Kimi K2 Thinking targets open-source deployments requiring deep, deliberate reasoning across coding and analytical domains.

Mistral Small 3.1 24B Instruct

Mistral AI

Mistral Small 3.1 is a 24-billion-parameter multimodal model from Mistral AI, released in March 2025 as an update to Mistral Small 3 that added vision understanding and expanded the context window from 32K to 128K tokens. The model accepts both text and image inputs, broadening its applicability to document analysis, image-grounded reasoning, and mixed-media workflows without requiring an increase in parameter count. Released under Apache 2.0, it continued Mistral's pattern of incremental capability gains delivered in compact, practically deployable open-weight packages.