Earlier quoted context omitted.
Did Mistral really throw in the towel on building frontier models?
Well, the front page of their website claims "Frontier AI In Your Hands", so I guess they're not marketing it that way. I personally think there's a hint in that Mistral Medium 3.5 costs 5x the price of Mistral Large 3, and that Mistral Large is not listed anymore as a "Featured Model" and hasn't been updated since Dec 2025: https://docs.mistral.ai/models/overview But what I really base it on is an interview the Mist…
I mean, I do too. Or at least, this will be a large market. But the natural leader for that space is the firm building the frontier models. They have the most control and access for distillation.