The closest alternative to Olmo 3 32B Think is Claude 3 Haiku — comparable intelligence (12.3 vs 12.1); for a cheaper option, MiMo-V2.5 runs $0.140/M vs $0.150/M; for more speed, Mercury 2 hits 590 t/s; and the best open-weight substitute is MiniMax M3.
Claude 3 Haiku is the closest alternative to Olmo 3 32B Think, with an Intelligence Index of 12.3 (Olmo 3 32B Think scores 12.1) at $0.250 per million input tokens.
Yes — MiMo-V2.5 costs $0.140 per million input tokens versus $0.150 for Olmo 3 32B Think, while staying within ~8 points of its Intelligence Index.
MiniMax M3 is the strongest open-weight alternative to Olmo 3 32B Think — downloadable from Hugging Face and self-hostable, scoring 54.7 on intelligence.