Figures checked 1 Nov 2026. A dash means not published on the sources we checked, so it stays blank rather than estimated. AA index and speed are from Artificial Analysis at the high setting.
Reasoning levels
Which level to choose
Mistral names these settings reasoning effort. Price per token is the same at every level. Higher levels usually use more output tokens. mistral.ai (opens in a new tab)
Model-as-a-service businesses need a separate commercial licence
Tools and MCP connectors that fit
Mistral: Connectors: register MCP servers for use in conversations and Agents docs.mistral.ai (opens in a new tab). These official remote MCP servers fit that rule. We have not tested each server with this model. A server that publishes a client list is left out when this lab is not on it.
Mistral launches Voxtral 3 speech models and a voice agent kit
Four Voxtral 3 models cover transcription in 50+ languages and text to speech, with a managed voice agent pipeline. Mistral offers EU, US and global hosted endpoints or self-hosting, so audio can stay on your own infrastructure. Transcription starts at $0.0035 per minute.
Mistral Large 4: a 1 trillion parameter open-weight model trained in Europe
Mistral previewed Large 4 on 6 October and has since released the weights. It is a mixture-of-experts model with 52 billion active parameters and a 1M-token context, priced at $0.70 in and $2.10 out per 1M tokens. It is also on Microsoft Foundry and NVIDIA-hosted endpoints.