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Mistral — AI news & analysis
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Mistral's new flagship costs less than its own mid-tier — and the price on the model card is a sale with no published end date
Mistral Large 4 launched 6 October 2026 at a list price of $1.36 input and $4.18 output per million tokens. Mistral Medium 3.5, the mid-tier it sits above, is $1.50 and $7.50. The flagship is cheaper on both ends with four times the context, which retires Medium 3.5 as a purchase. The number the model card actually shows today is half the list — $0.68 and $2.09 — struck through against the higher rate, and Mistral has not published the date the discount ends.
Read story →Mistral raised €3B to build compute it already sold. For EU buyers it is now the only in-region priority tier you can put a price on
Mistral's €3 billion Series D at a €21bn valuation is Europe's largest equity round ever. The buyer-relevant part is not the money — it is that Mistral sells EU-resident inference with a Priority Tier at 1.75x list and a 99.5% uptime SLA, in the same month OpenAI confirmed GPT-6 Astra offers no fast or priority tier under EU data residency at any price. The catch: the capacity is pre-sold on five-year terms and mostly not built.
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