o4 mini vs Step-3.5-Flash

o4 mini

OpenAI

OpenAI o4 mini, released by OpenAI in April 2025, is a compact reasoning model from the o4 family that combines multimodal understanding with efficient chain-of-thought processing. It features a 200K token context window and native image understanding, with strong performance on mathematics and coding benchmarks relative to its inference cost. o4 mini targets cost-sensitive applications requiring both visual reasoning and mathematical accuracy.

StepFun

Step-3.5-Flash, released by StepFun on February 2, 2026, is a Mixture-of-Experts large language model with 197 billion total parameters and approximately 11 billion active parameters per inference. It features a 256K token context window using a 3:1 sliding-window-to-full-attention ratio, processing 100–350 tokens per second. Step-3.5-Flash targets agentic tasks, coding workflows, and open-source deployments requiring frontier reasoning capabilities with efficient inference, under an Apache 2.0 license.