Mistral Medium 3 Released via API with 128K Context at Aggressive Pricing

Mistral AI launched Mistral Medium 3 through La Plateforme API, offering 128K token context at $0.40 per 1M input tokens. The model is positioned as a direct competitor to GPT-4o Mini and Claude 3.5 Haiku on price-performance for enterprise workloads. Mistral Medium 3 scores competitively on MMLU and MT-Bench while delivering faster time-to-first-token than its predecessor.