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Mistral Medium 3: Frontier-Class Performance at 8x Lower Cost

Mistral AI has released Mistral Medium 3, a new enterprise-focused language model priced at $0.4/$2 per million input/output tokens. The model claims to achieve 90%+ of Claude Sonnet 3.7's benchmark performance while undercutting cost leaders like DeepSeek v3, and outperforming open models including Llama 4 Maverick. It supports hybrid, on-premises, and in-VPC deployment on as few as four GPUs, and is available immediately on Mistral La Plateforme and Amazon SageMaker, with additional cloud platforms coming soon. The announcement also teases an upcoming large open-weights model release.