New Delhi, Jan. 31 -- The battle of AI has taken the world by storm when DeepSeek became the topic of discussion across the globe. However, the latest move by Mistral AI with the release of Mistral Small 3 has added yet another layer of competition, offering a powerful open-source alternative to some of the leading proprietary AI models.

Mistral AI, a company known for its open-source artificial intelligence, has introduced Mistral Small 3, a latency-optimised model designed to rival significantly larger AI systems. With 24 billion parameters, the model is built to perform at a level comparable to Llama 3.3 70B and Qwen 32B, while outpacing them in speed, according to a Mistral AI blogpost. Moreover, it provides an open replacement for p...