Mistral AI, the French lab behind open and premier models

Mistral AI is a French company founded in Paris in 2023 that builds language models and the Le Chat assistant. It releases part of its lineup as open-weight models, which makes it a distinct option if you want to keep control of your data.

Data as of October 22, 2026

Key figures

CountryFrance
HeadquartersParis
Founded2023
TypeStart-up
Weights policyMixed (open and closed)
Model familiesMistral, Ministral, Magistral, Devstral, Codestral, Voxtral
Consumer assistantLe Chat (Mistral Vibe)
Official sitemistral.ai · Developer API
Models tracked here11
Best ranking position#29

A Paris startup born in 2023

Mistral AI was set up in April 2023 by three French researchers: Arthur Mensch, Guillaume Lample and Timothée Lacroix. Its stated goal is to make frontier AI “open to all” and to build a leading European player that combines innovation with openness, transparency and cost efficiency.

In September 2023 the company released its first model, Mistral 7B, under the Apache 2.0 license, which immediately put it on developers’ radar. It has since broadened its catalog and now works with businesses and governments in finance, manufacturing, energy, defense and the public sector.

A catalog split between open and premier

Mistral’s documentation draws a clear line between two categories:

  • Open-weight models, mostly under Apache 2.0 (a few under a modified MIT license): general-purpose Mistral Small and Large models from some generations, compact Ministral models for modest hardware, and Voxtral audio models.
  • Premier models, available only through the API: the latest versions of Mistral Large and Medium, Codestral for code, and OCR models for reading documents.

The family names are telling: Ministral for small language models, Codestral and Devstral for programming, Magistral for reasoning, Voxtral for speech.

How to use Mistral models

  • Le Chat, the consumer assistant: see the Le Chat page.
  • Mistral’s API and console, for developers, with detailed documentation.
  • Downloading the weights of the open models, to host them on your own servers.

What sets Mistral AI apart

Its main selling point is sovereignty: a European company, subject to the GDPR, whose models you can in some cases run on your own infrastructure without relying on a US or Chinese provider. The trade-off is a tighter catalog than Google’s or OpenAI’s. To compare its open models with those from Meta, Alibaba or DeepSeek, see the open source models page.

Mistral AI models tracked on this site

ModelsReleasedCapability indexPrice (input / output)
Mistral Large 4October 6, 202679.7$1.36 / $4.18
Mistral Medium 3.5April 30, 2026—$1.5 / $7.5
Mistral Small 4March 16, 2026—$0.16 / $0.63
Devstral 2December 9, 2025—$0.40 / $2
Mistral Large 3December 2, 2025—$0.50 / $1.5
Ministral 3 3B 2512December 2, 2025—$0.10 / $0.10
Ministral 3 8B 2512December 2, 2025—$0.15 / $0.15
Magistral Small 1.2September 18, 2025—$0.50 / $1.5
Codestral 25.08July 30, 2025—$0.30 / $0.90
Mistral Medium 3May 7, 2025—$0.40 / $2
Mistral Small 3January 30, 2025—$0.05 / $0.08

Frequently asked questions

Who founded Mistral AI?

Mistral AI was founded in April 2023 by Arthur Mensch, now CEO, Guillaume Lample, Chief Science Officer, and Timothée Lacroix, CTO. Its registered office is in Paris.

Are Mistral's models open source?

Partly. Mistral publishes several open-weight models, mostly under the Apache 2.0 license, which allows commercial use. Its premier models, by contrast, are only available through the API and the company's paid offerings.

What is Le Chat?

Le Chat is Mistral AI's consumer chat assistant, comparable to ChatGPT. It works on the web and on mobile, with a free tier and paid plans.

Is Mistral AI subject to EU rules?

Yes. It is a French company registered in Paris, so it falls under the GDPR and the EU AI Act, among other rules. You should still read its terms and privacy policy for your specific use case.

Data sources

Data as of October 22, 2026

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