AI Models

Mistral Small 3

Fastest and cheapest Mistral model

Visit Mistral Small 3
★4.3ratingPricing · FreemiumStable
The FalcoScan Intel PanelMistral Small 3 · AI Models
Data updated 1 November 2026
Opportunity
Moderate
Band
Saturation
Contested
Band
Wrapper risk
Low
Band
Momentum
Stable
Market trend
Rating
4.3
of 5 · FalcoScan rating

AI Models AI has a narrow moat on average, from the moat scores of its rated products. What protects AI Models AI tools, and the widest moats

The Brief

What Mistral Small 3 does

Mistral Small 3 delivers 72% MMLU at a fraction of larger model costs — perfect for high-volume classification tasks.

How Mistral Small 3 compares with its closest alternatives

4 of the 5 closest alternatives have a free plan, as Mistral Small 3 does. 4 of the 5 offer an API, as Mistral Small 3 does. Mistral Small 3 was founded in 2023; the alternatives were founded between 2023 and 2024. Mistral Small 3 is based in Paris, France; none of the 4 alternatives with a known headquarters is in France. They are in China and the United States.

Market position · AI Models

How Mistral Small 3 compares in AI Models

Mistral Small 3 has moderate opportunity and sits in the bottom third of 455 live AI Models tools on FalcoScan. Across AI Models, the average opportunity score is 74.6 and the average saturation score 30.5. FalcoScan rates Mistral Small 3's own market position as contested. 200 of the 455 operating AI Models tools have hot momentum, and FalcoScan has recorded 13 shutdowns in the category.

Mistral Small 3 compared with its closest alternatives
ProductOpportunitySaturationPricingPricing fromFree planAPIPlatformsMomentum
Mistral Small 3Founded 2023 · Paris, FranceModerateContestedFreemium—YesYesAPIStable
01.AI Yi LightningFounded 2023 · Beijing, ChinaHighOpenFreemium—YesYesAPIRising
Cloudflare Workers AIFounded 2023 · San Francisco, United StatesHighOpenFreemium—YesYesAPI, CLIHot
OneTriangleHighOpenPaid—NoNoWeb, APIStable
DeepSeek V3Founded 2023 · Hangzhou, ChinaHighOpenFreemium—YesYesWeb, APIHot
Gemini 2.0 FlashFounded 2024 · San Francisco, United StatesModerateContestedFreemium—YesYesWeb, APIHot

Exact opportunity and saturation scores for all 6 of these, and where each ranks in AI Models.

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What it ships with

Capabilities & who uses it

The capabilities Mistral Small 3 exposes to builders and the verticals it currently serves.

AI Capabilities
Text GenerationClassification
Industry Verticals
Software
Tagged

Mistral Small 3 shows up when builders search for these

fastcheapclassification
Similar tools · AI Models

Alternatives to Mistral Small 3

Products still running that do the same job, from the ai models market and related ones, closest match first.

See the AI Models market
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01.AI Yi Lightning

China fastest frontier model

★ 4.3Opportunity High
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Cloudflare Workers AI

Run AI inference at the edge globally

★ 4.3Opportunity High
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OneTriangle

Inference cloud that cuts cost and latency with KV cache transfer

Opportunity High
Paid
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DeepSeek V3

Fastest open-source frontier model

★ 4.6Opportunity High
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Gemini 2.0 Flash

Google's fastest multimodal model

★ 4.6Opportunity Moderate
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Cerebras Llama Fast

Llama inference at 2000 tokens per second

★ 4.5Opportunity High
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Questions

Mistral Small 3: common questions

Is Mistral Small 3 free?

Mistral Small 3 has a free tier, with paid plans.

What are the best alternatives to Mistral Small 3?

The closest alternatives to Mistral Small 3 that are still running, matched on the AI capabilities, uses and audience they share, are 01.AI Yi Lightning, Cloudflare Workers AI, OneTriangle, DeepSeek V3, and Gemini 2.0 Flash.

Is Mistral Small 3 still running?

Yes. As of 1 November 2026, FalcoScan lists Mistral Small 3 as operating at mistral.ai.

Where is Mistral Small 3 based?

Mistral Small 3 is headquartered in Paris, France.

Does Mistral Small 3 have an API?

Yes. Mistral Small 3 offers an API.

Who is Mistral Small 3 for?

Mistral Small 3 is built for developers.

How do I sign in to Mistral Small 3?

Sign in on Mistral Small 3's own website, mistral.ai. FalcoScan reviews Mistral Small 3 but does not run its accounts, so logins, passwords and billing are handled by Mistral Small 3 directly.

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