Mistral AI has launched Mistral Small 3, an open-source model with 24 billion parameters, designed to compete with larger AI systems like Llama 3.3 70B and Qwen 32B, while offering faster performance and serving as an alternative to proprietary models like GPT-4o mini.

Qwen 2.5-Max outperforms almost across the board GPT-4o, DeepSeek-V3 and Llama-3.1-405B," Alibaba's cloud unit said