Mistral Large 3 — 675B MoE, Apache 2.0, and the Value Play for Enterprise

Mistral Large 3 (December 2, 2025) is Mistral AI's frontier open-weight release: 675B total parameters, 41B active per token via sparse MoE, Apache 2.0 license, 256K context, image understanding, and pricing at $0.50/$1.50 per million tokens — roughly 6x cheaper than Claude Sonnet. MMLU ~85.5%. HumanEval ~92%. Available on La Plateforme, AWS Bedrock, Azure, Ollama, Hugging Face. Not a reasoning model at launch. Rating: 3.5/5.