M

Mistral Large

by Mistral AI

AI Models & APIsEnterprise PlatformDeveloper Tools

Mistral's flagship model line, now a 675B Apache-2.0 mixture-of-experts at $0.50 per million input tokens

Usage-based · Subscription · Freemium · Contact for pricing·Added Mar 14, 2026·Updated Aug 2, 2026
Share:
THE DAILY BRIEF
Mistral Large

by Mistral AI

AI Models & APIsEnterprise PlatformDeveloper Tools

Mistral's flagship model line, now a 675B Apache-2.0 mixture-of-experts at $0.50 per million input tokens

Usage-based · Subscription · Freemium · Contact for pricing

Mistral Large is the flagship general-purpose model family from French AI lab Mistral AI. The current generation, Mistral Large 3, is an Apache 2.0 mixture-of-experts model with a 256k context window and multimodal input, priced at $0.50 per million input tokens - roughly an order of magnitude below comparable US frontier APIs - and available as downloadable weights for fully on-premise deployment.

At a Glance

Category
AI Models & APIs
Pricing
Usage-based, Subscription, Freemium, Contact for pricing
Target Market
CIOs, CTOs, Enterprise Developers, Data Protection Officers, Heads of AI
Deployment
API-based, Open-source, Self-hosted, Multi-cloud, Hybrid
Founded
2023
Headquarters
Paris, France
Team Size
201-500

Key Features

  • Granular mixture-of-experts architecture
  • 256,000-token context window
  • Apache 2.0 open weights
  • Native multimodal input
  • Function calling and structured outputs
  • Multi-cloud and on-premise distribution

Capabilities

text generation
image generation
video generation
code generation
workflow automation
api access
audio generation
fine tuning
agent orchestration

Use Cases

  • Sovereign enterprise assistant
  • High-volume document extraction
  • Multilingual customer operations
  • Tool-calling agent backends
  • Code assistance across large repositories

Ideal For

Best For

  • EU-headquartered enterprises with data-residency or sovereignty requirements that rule out US-only model hosting
  • High-volume text workloads where a 10x token-price difference compounds into a material line item
  • Regulated industries - banking, insurance, healthcare - that need on-premise deployment of a capable general model
  • Multilingual European document processing across French, German, Spanish, Italian and Portuguese
  • Agentic and tool-calling backends needing parallel function calls and guaranteed structured output

Not Ideal For

  • Teams that want the single highest benchmark score regardless of cost - Large 3 is priced as a value flagship, and dedicated reasoning models still lead on hard maths and competitive coding
  • Anyone planning to self-host casually: 675 billion total parameters means a serious multi-GPU cluster despite the permissive Apache 2.0 licence, so 'open weights' does not translate into 'runs on a workstation'
  • Buyers who bought into Mistral Large 2 expecting a long support horizon - it was superseded and marked deprecated inside about seventeen months, and its research licence made self-deployment a paid negotiation
  • Le Chat subscribers expecting API access; the consumer and developer products are entirely separate billing streams

Market Analysis

Enterprise-gradeOpen-weightCost-optimisedEU-sovereign

Pros

  • Apache 2.0 licensing on a 675B flagship removes the MAU ceilings and commercial-agreement negotiations that encumber most open-weight models
  • Published list pricing at $0.50/$1.50 per million tokens undercuts comparable US frontier APIs by roughly 80-90%
  • 256k context plus native image input covers long-document and screenshot workflows without bolting on a second model
  • Available simultaneously on Azure AI, Amazon Bedrock, Google Cloud, IBM watsonx.ai and as raw weights, so there is a genuine exit from any single host

Cons

  • Short support horizon on this line: Mistral Large 2 shipped July 2024 and Artificial Analysis already marks it deprecated in favour of Large 3, forcing a migration inside about seventeen months
  • Large 2's Mistral Research License required a paid commercial agreement for self-deployment, so buyers who invested in that generation did not get the open-source terms Large 3 now advertises
  • Apache 2.0 weights are only useful to teams that can host 675B total parameters - for everyone else the licence is theoretical and the API price is the real cost
  • Le Chat and the API are separate billing streams, and a Pro subscription grants no API access at all, which CloudZero flags as a recurring source of buyer confusion
  • Artificial Analysis placed Large 2 at #13 of 39 in its open-weight non-reasoning cohort - respectable rather than leading, and dedicated reasoning models still outperform this line on hard problems

Pricing

API - Mistral Large 3

From $0.50 per 1M input tokens

  • $0.50/M input, $1.50/M output
  • 256k context window
  • Function calling and structured outputs
  • Batching and built-in tools

Open weights (Apache 2.0)

$0

  • Download and self-host with no per-token fee
  • No MAU ceiling
  • Unrestricted commercial use
  • Requires substantial multi-GPU capacity

Le Chat Pro

From $14.99/mo

  • Extended thinking
  • Deep research
  • Consumer assistant only - does not include API access

Le Chat Enterprise

Contact for pricing

  • SAML SSO
  • White label
  • Cloud marketplace and on-premise deployment

Mistral publishes list API pricing, which is unusual at this tier: Large 3 is metered at $0.50 per million input tokens and $1.50 per million output, which CloudZero measures at roughly 80% cheaper on input and 90% cheaper on output than GPT-5.4, and 83%/90% cheaper than Claude Sonnet 4.6. The Apache 2.0 weights make the per-token cost avoidable entirely if you have the GPUs, but 675B total parameters means that is a cluster decision rather than a workstation one. Two billing traps matter: Le Chat subscriptions (Free, Pro $14.99/mo, Team $24.99/user/mo) are a completely separate stream from API credits and buy no API access, and Le Chat Enterprise with SAML SSO and white-labelling is quoted rather than listed.

Security & Compliance

soc2
gdpr
hipaa
iso27001
sso
data residency

THE DAILY BRIEF

Enterprise AI insights for technology and business leaders, twice weekly.

beri.net

Subscribe at beri.net/subscribe for twice-weekly AI insights delivered to your inbox.

LinkedIn: linkedin.com/in/rberi  |  X: x.com/rajeshberi

© 2026 Rajesh Beri. All rights reserved.

Mistral Large is the flagship general-purpose model family from French AI lab Mistral AI. The current generation, Mistral Large 3, is an Apache 2.0 mixture-of-experts model with a 256k context window and multimodal input, priced at $0.50 per million input tokens - roughly an order of magnitude below comparable US frontier APIs - and available as downloadable weights for fully on-premise deployment.

Mistral Large is the flagship general-purpose model line from French AI lab Mistral AI, and the name now refers to Mistral Large 3 (API name mistral-large-3-25-12), released on 2 December 2025. Large 3 is a granular mixture-of-experts model with 675 billion total parameters and 41 billion active per token, a 256,000-token context window, and native multimodal input: it accepts text and images and returns text. Critically for enterprise buyers, Mistral shipped it under Apache 2.0 - a genuinely permissive open-source licence with no monthly-active-user ceiling and no separate commercial agreement. That is a sharp break from its predecessor. Mistral Large 2 (123 billion dense parameters, 128k context, released 24 July 2024, 84.0% MMLU, over 80 programming languages, parallel and sequential function calling) was released under the Mistral Research License, which required a paid commercial agreement for any self-deployed business use; Artificial Analysis now marks Large 2 deprecated in favour of Large 3. On Mistral's own API, Large 3 lists at $0.50 per million input tokens and $1.50 per million output tokens - roughly 80% and 90% below GPT-5.4 on input and output respectively by CloudZero's comparison, and 83%/90% below Claude Sonnet 4.6. It supports function calling, structured outputs, document Q&A, batching, conversations and built-in tools. Distribution runs through la Plateforme, Le Chat, and the major cloud marketplaces including Azure AI, Amazon Bedrock, Google Cloud and IBM watsonx.ai; because the weights are open it can also run entirely on-premise, which is the reason European banks and regulated buyers shortlist it over US-hosted-only alternatives.

Ideal Buyer

European and regulated enterprises that need frontier-adjacent model quality under EU jurisdiction, with the option to pull the weights in-house rather than depend on a US-hosted API.

Key Benefit

Frontier-class capability at roughly a tenth of GPT-5.4's token price, under an Apache 2.0 licence that permits unrestricted commercial self-hosting.

At a Glance

Category
AI Models & APIs
Pricing
Usage-based, Subscription, Freemium, Contact for pricing
Target Market
CIOs, CTOs, Enterprise Developers, Data Protection Officers, Heads of AI
Deployment
API-based, Open-source, Self-hosted, Multi-cloud, Hybrid
Founded
2023
Headquarters
Paris, France
Team Size
201-500

Key Features

  • Granular mixture-of-experts architecture

    675B total parameters with only 41B active per token, so serving cost tracks the small number while capability tracks the large one.

  • 256,000-token context window

    Handles book-length contracts, full repositories or large retrieval sets in one call without an external chunking pipeline.

  • Apache 2.0 open weights

    No MAU ceiling and no commercial agreement required, which is materially more permissive than the community licences on competing open-weight models.

  • Native multimodal input

    Accepts images alongside text, so document, diagram and screenshot workflows do not need a separate vision model.

  • Function calling and structured outputs

    Supports parallel and sequential tool calls with schema-constrained JSON, which is the prerequisite for reliable agent orchestration.

  • Multi-cloud and on-premise distribution

    Available on la Plateforme, Azure AI, Amazon Bedrock, Google Cloud and IBM watsonx.ai, or self-deployed from the open weights.

Capabilities

text generation
image generation
video generation
code generation
workflow automation
api access
audio generation
fine tuning
agent orchestration

Use Cases

  • Sovereign enterprise assistant

    European banks and insurers deploy the open weights in-country so no customer data crosses a jurisdictional boundary during inference.

  • High-volume document extraction

    Process contracts, claims and invoices at $0.50 per million input tokens where a frontier US API would cost roughly ten times more.

  • Multilingual customer operations

    Handle French, German, Spanish, Italian and Portuguese support queues on one model rather than one vendor per language.

  • Tool-calling agent backends

    Drive internal automations using parallel function calls and structured outputs, with the 256k window holding full tool schemas and history.

  • Code assistance across large repositories

    The Large 2 lineage trained on 80+ programming languages, and the long context lets a whole service be reasoned about in one prompt.

Ideal For

Best For

  • EU-headquartered enterprises with data-residency or sovereignty requirements that rule out US-only model hosting
  • High-volume text workloads where a 10x token-price difference compounds into a material line item
  • Regulated industries - banking, insurance, healthcare - that need on-premise deployment of a capable general model
  • Multilingual European document processing across French, German, Spanish, Italian and Portuguese
  • Agentic and tool-calling backends needing parallel function calls and guaranteed structured output

Not Ideal For

  • Teams that want the single highest benchmark score regardless of cost - Large 3 is priced as a value flagship, and dedicated reasoning models still lead on hard maths and competitive coding
  • Anyone planning to self-host casually: 675 billion total parameters means a serious multi-GPU cluster despite the permissive Apache 2.0 licence, so 'open weights' does not translate into 'runs on a workstation'
  • Buyers who bought into Mistral Large 2 expecting a long support horizon - it was superseded and marked deprecated inside about seventeen months, and its research licence made self-deployment a paid negotiation
  • Le Chat subscribers expecting API access; the consumer and developer products are entirely separate billing streams

Integrations

SDK Available
SDK:PythonTypeScript

Deployment

On-Premise

Market Analysis

Enterprise-gradeOpen-weightCost-optimisedEU-sovereign

Pros

  • Apache 2.0 licensing on a 675B flagship removes the MAU ceilings and commercial-agreement negotiations that encumber most open-weight models
  • Published list pricing at $0.50/$1.50 per million tokens undercuts comparable US frontier APIs by roughly 80-90%
  • 256k context plus native image input covers long-document and screenshot workflows without bolting on a second model
  • Available simultaneously on Azure AI, Amazon Bedrock, Google Cloud, IBM watsonx.ai and as raw weights, so there is a genuine exit from any single host

Cons

  • Short support horizon on this line: Mistral Large 2 shipped July 2024 and Artificial Analysis already marks it deprecated in favour of Large 3, forcing a migration inside about seventeen months
  • Large 2's Mistral Research License required a paid commercial agreement for self-deployment, so buyers who invested in that generation did not get the open-source terms Large 3 now advertises
  • Apache 2.0 weights are only useful to teams that can host 675B total parameters - for everyone else the licence is theoretical and the API price is the real cost
  • Le Chat and the API are separate billing streams, and a Pro subscription grants no API access at all, which CloudZero flags as a recurring source of buyer confusion
  • Artificial Analysis placed Large 2 at #13 of 39 in its open-weight non-reasoning cohort - respectable rather than leading, and dedicated reasoning models still outperform this line on hard problems

Pricing

Free Trial Available

API - Mistral Large 3

From $0.50 per 1M input tokens

  • $0.50/M input, $1.50/M output
  • 256k context window
  • Function calling and structured outputs
  • Batching and built-in tools

Open weights (Apache 2.0)

$0

  • Download and self-host with no per-token fee
  • No MAU ceiling
  • Unrestricted commercial use
  • Requires substantial multi-GPU capacity

Le Chat Pro

From $14.99/mo

  • Extended thinking
  • Deep research
  • Consumer assistant only - does not include API access

Le Chat Enterprise

Contact for pricing

  • SAML SSO
  • White label
  • Cloud marketplace and on-premise deployment

Mistral publishes list API pricing, which is unusual at this tier: Large 3 is metered at $0.50 per million input tokens and $1.50 per million output, which CloudZero measures at roughly 80% cheaper on input and 90% cheaper on output than GPT-5.4, and 83%/90% cheaper than Claude Sonnet 4.6. The Apache 2.0 weights make the per-token cost avoidable entirely if you have the GPUs, but 675B total parameters means that is a cluster decision rather than a workstation one. Two billing traps matter: Le Chat subscriptions (Free, Pro $14.99/mo, Team $24.99/user/mo) are a completely separate stream from API credits and buy no API access, and Le Chat Enterprise with SAML SSO and white-labelling is quoted rather than listed.

Security & Compliance

soc2
gdpr
hipaa
iso27001
sso
data residency

Connect

Sources

This page was written from 5 sources, 4 on domains other than mistral.ai.

  1. 1.mistral.aimistral large 2407vendor
  2. 2.docs.mistral.aimistral large 3 25 12
  3. 3.artificialanalysis.aimistral large 2
  4. 4.cloudzero.commistral api pricing
  5. 5.openrouter.aimistral large
Newsletter

Stay Ahead of the Curve

Weekly enterprise AI insights for technology leaders. No spam, no vendor pitches—unsubscribe anytime.

Subscribe