French AI startup Mistral is releasing a brand new AI mannequin, Mistral Medium 3, that’s targeted on effectivity with out compromising efficiency.
Out there in Mistral’s API priced at $0.40 per million enter tokens and $2 per million output tokens, Mistral Medium 3 performs “at or above” 90% of Anthropic’s costlier Claude Sonnet 3.7 mannequin on “benchmarks across the board,” claims Mistral. It additionally surpasses current open fashions together with Meta’s Llama 4 Maverick and Cohere’s Command A on common AI efficiency evaluations.
Tokens are the uncooked bits of knowledge fashions work with, with 1,000,000 tokens equal to about 750,000 phrases (roughly 163,000 phrases longer than “War and Peace”).
“Mistral Medium 3 can […] be deployed on any cloud, including self-hosted environments of four GPUs and above,” defined Mistral in a weblog publish despatched to TechCrunch. “On pricing, the model beats cost leaders such as DeepSeek v3, both in API and self-deployed systems.”
Mistral, based in 2023, is a frontier mannequin lab, aiming to construct a variety of AI-powered companies together with a chatbot platform, Le Chat, and cellular apps. It’s backed by VCs together with Basic Catalyst, and has raised over €1.1 billion (roughly $1.24 billion) thus far. Mistral’s clients embrace BNP Paribas, AXA, and Mirakl.
Based on Mistral, Mistral Medium 3 is greatest for coding and STEM duties, and excels at multimodal understanding. The corporate says that purchasers in monetary companies, vitality, and healthcare have been beta testing the mannequin to be used circumstances like customer support, workflow automation, and analyzing complicated information units.
Along with Mistral’s API, the place enterprise clients can work with Mistral to fine-tune it, Mistral Medium 3 is on the market on Amazon’s Sagemaker platform beginning Wednesday. It’ll quickly come to different hosts, together with Microsoft’s Azure AI Foundry and Google’s Vertex AI platforms, the corporate added.
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The launch of Mistral Medium 3 follows on the heels of Mistral’s Mistral Small 3.1 in March. In its weblog publish, the corporate teased the discharge of a a lot bigger mannequin within the coming weeks.
Mistral on Wednesday additionally launched Le Chat Enterprise, a corporate-focused chatbot service that provides instruments like an AI “agent” builder and integrates Mistral’s fashions with third-party companies like Gmail, Google Drive, and SharePoint. Le Chat Enterprise rolled out in non-public preview earlier this yr, however at the moment marks its normal availability.
Le Chat Enterprise will quickly help MCP, Anthropic’s commonplace for connecting AI assistants to the methods and software program the place information resides. Different main AI mannequin suppliers, together with Google and OpenAI, introduced that they’d undertake MCP earlier this yr.
Up to date 7:48 a.m. Pacific: Fastened a pricing mistake — the model of Mistral’s weblog publish TechCrunch acquired had a typo. We remorse the error
