Mistral AI has released the Mistral 3 family of models, including three small, dense models and a large, sparse mixture-of-experts model. The models are open-sourced under the Apache 2.0 license and are designed for various use cases, including edge and local applications. The Mistral 3 models are claimed to offer a good performance-to-cost ratio and are available on several platforms. The release includes base and instruction-fine-tuned versions of the models, with a reasoning version coming soon.