Released September 1, 2024, the Mistral Small update was primarily a pricing event, with an approximately 80% reduction in input and output token pricing compared to the prior release. Simultaneous capability improvements in human alignment, reasoning, and code generation made this a significant upgrade rather than just a price cut.
At 22B parameters, Mistral Small sits between Mistral AI NeMo (12B) and Mistral AI Large 2 in the lineup Mistral AI described in September 2024. Mistral Small targets translation, summarization, and sentiment analysis.
The pricing cut plus capability improvements made Mistral Small a common pick for production workloads that previously ran larger, more expensive Mistral AI endpoints.