Artificial intelligence startup Mistral released a new suite of models Tuesday as it looks to keep pace with leading AI labs Google , OpenAI and DeepSeek.
The French company's announcement follows on from model releases from the likes of DeepSeek and Google in recent weeks, as AI labs across the globe scramble to remain at the frontier of research while also building out commercial operations.
Mistral's release includes a large model which it claims is the "world's best open-weight multimodal and multilingual." It also announced the release of a small model the company says can be used in robotics, devices and drones.
Founded in 2023, Mistral has emerged as one of Europe's leading AI companies and raised a 1.7 billion euro funding round in September. Dutch chip equipment maker ASML contributed 1.3 billion euros of the raise, with Nvidia also participating.
The round saw the startup — which was previously backed by Microsoft and Andreessen Horowitz — hit an 11.7 billion euro valuation.
"Mistral 3 sets a new standard for the global availability of AI and unlocks new possibilities for enterprises," the company said in a statement.
"This spectrum of models further extends our customers' applied AI capabilities to robotics, autonomous drones, and small on-device applications without network access, as well as the world's largest enterprise agentic workflows."