New Delhi, Jan. 31 -- The landscape of generative AI is evolving rapidly, with companies racing to build more efficient, capable, and accessible models. Among the latest entrants, Mistral Small 3, Alibaba's Qwen2.5-Max, and DeepSeek R1 are vying for dominance alongside OpenAI's established ChatGPT. Each model presents a unique approach to AI and used cases.

Mistral AI's latest model, Mistral Small 3, is a 24-billion-parameter model claimed to be optimised for low-latency applications. Released under the open Apache 2.0 licence, it is positioned as a direct competitor to larger models like Llama 3.3 70B and Qwen 32B, which claimed to boast three times the speed while maintaining similar performance levels. As per the company, Mistral Smal...