Artificial intelligence startup Mistral has released a new suite of models as it works to keep pace with leading AI labs such as Google, OpenAI and DeepSeek. The announcement follows similar model launches in recent weeks as AI companies across the world race to stay at the forefront of research while expanding their commercial operations.
The new release includes a large model that Mistral describes as the “world’s best open weight multimodal and multilingual.” The company has also introduced a small model designed for use in robotics, devices and drones.
Founded in the year twenty twenty three, Mistral has grown to become one of Europe’s leading AI companies. It raised a one point seven billion euro funding round in September. Dutch chip equipment maker ASML contributed one point three billion euros, with Nvidia also taking part. This round lifted the startup to an eleven point seven billion euro valuation. The company was previously backed by Microsoft and Andreessen Horowitz.
Mistral said in a statement, “Mistral 3 sets a new standard for the global availability of AI and unlocks new possibilities for enterprises.” The company added that the range of models expands customer capabilities in robotics, autonomous drones, and small on device applications without network access, along with support for large enterprise agentic workflows.
The new large model is built for powerful agentic functions and is designed for AI assistants, retrieval augmented systems, scientific tasks and complex enterprise operations. The small model, called Ministral 3, is compact enough to operate in drones, cars, robots, phones and laptops.
Mistral said, “Small models deliver advantages for most real world applications: lower inference cost, reduced latency, and domain specific performance.” It noted that these models can be tailored to outperform larger models in specific workflows and can achieve state of the art results for their size. Ministral 3 can run on a single graphics processing unit, which reduces cost and improves iteration speed.
The company stated, “The next chapter of AI is not just bigger, it is smarter, faster, and open. Together, we are building towards an era of distributed intelligence.”
The latest releases come as Mistral increases commercial activity to support its nearly twelve billion euro valuation. Along with a deal with HSBC to give the bank access to its models for financial analysis and translation, Mistral has secured contracts worth hundreds of millions of dollars with several companies.
The startup is also turning to mergers and acquisitions as it works to accelerate growth. Although Mistral is seen as a leading European AI player, its resources remain smaller than those of United States rivals expanding into Europe. Anthropic, which announced a thirteen billion dollar raise at a one hundred and eighty three billion dollar valuation, and OpenAI, which reportedly sold secondary shares at a five hundred billion dollar price tag, have both announced new European offices in the year twenty twenty five.
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