Simon Willison’s Weblog

Mistral Small 3 (via) First model release of 2025 for French AI lab Mistral, who describe Mistral Small 3 as "a latency-optimized 24B-parameter model released under the Apache 2.0 license."

More notably, they claim the following:

Mistral Small 3 is competitive with larger models such as Llama 3.3 70B or Qwen 32B, and is an excellent open replacement for opaque proprietary models like GPT4o-mini. Mistral Small 3 is on par with Llama 3.3 70B instruct, while being more than 3x faster on the same hardware.

Llama 3.3 70B and Qwen 32B are two of my favourite models to run on my laptop - that ~20GB size turns out to be a great trade-off between memory usage and model utility. It's exciting to see a new entrant into that weight class.

The license is important: previous Mistral Small models used their Mistral Research License, which prohibited commercial deployments unless you negotiate a commercial license with them. They appear to be moving away from that, at least for their core models:

We’re renewing our commitment to using Apache 2.0 license for our general purpose models, as we progressively move away from MRL-licensed models. As with Mistral Small 3, model weights will be available to download and deploy locally, and free to modify and use in any capacity. […] Enterprises and developers that need specialized capabilities (increased speed and context, domain specific knowledge, task-specific models like code completion) can count on additional commercial models complementing what we contribute to the community.

Despite being called Mistral Small 3, this appears to be the fourth release of a model under that label. The Mistral API calls this one mistral-small-2501 - previous model IDs were mistral-small-2312, mistral-small-2402 and mistral-small-2409.

I've updated the llm-mistral plugin for talking directly to Mistral's La Plateforme API:

llm install -U llm-mistral
llm keys set mistral
# Paste key here
llm -m mistral/mistral-small-latest "tell me a joke about a badger and a puffin"

Sure, here's a light-hearted joke for you:

Why did the badger bring a puffin to the party?

Because he heard puffins make great party 'Puffins'!

(That's a play on the word "puffins" and the phrase "party people.")

API pricing is $0.10/million tokens of input, $0.30/million tokens of output - half the price of the previous Mistral Small API model ($0.20/$0.60). for comparison, GPT-4o mini is $0.15/$0.60.

Mistral also ensured that the new model was available on Ollama in time for their release announcement.

You can pull the model like this (fetching 14GB):

ollama run mistral-small:24b

The llm-ollama plugin will then let you prompt it like so:

llm install llm-ollama
llm -m mistral-small:24b "say hi"