Mistral AI has launched Medium 3, a new AI model that offers top-tier performance at a significantly lower cost compared to its competitors. Priced at $0.4 per million input tokens and $2 per million output tokens, Medium 3 is designed for enterprise use and rivals models like Claude 3.7 and Gemini 2.0. It performs well, especially in coding and business applications, and is now available on Mistral La Plateforme and Amazon Sagemaker, with plans for further integrations with major cloud providers. Unlike their open-source models, this closed-source product represents a strategic pivot for Mistral AI, focusing on enterprise-grade applications while emphasizing integration capabilities and continuous pretraining. The launch has been met with positive assessments from external evaluations, and the company has reported significant business growth, tripling in size over the last few months across Europe. As Mistral AI continues to innovate, the implications for enterprise AI deployment and competitiveness in pricing are crucial to watch.

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