Mistral Unveils Small 3 AI Model, Rivaling Larger Competitors in Efficiency and Accuracy

The open-source model offers high performance with fewer parameters, reduced latency, and local deployment options for privacy-focused enterprises.

Mistral Small 3 is a 24-billion-parameter open-source AI model designed for efficiency and speed, achieving 81% accuracy on major benchmarks.
The model matches or exceeds the performance of larger models like Meta’s Llama 3.3 70B and OpenAI’s GPT-4o Mini while being three times smaller.
Released under the Apache 2.0 license, it supports both academic and commercial use, allowing businesses to modify and deploy it freely.
The model is optimized for low-latency applications, making it suitable for tasks like conversational AI, fraud detection, and subject-specific virtual assistants.
Mistral Small 3 can run on a single GPU, enabling local deployment for enterprises prioritizing data privacy and cost efficiency.