Mistral AI vs 
Moonshot AI
Verdict
- Moonshot AI's flagship leads: Kimi K3.1 Pro at 66.9 vs Mistral Large 4 at 56.7.
- Moonshot AI has the better model in 3 of 4 price bands.
- Mistral AI's fastest ranked model (Ministral 3 3B, 207 tok/s) beats Moonshot AI's (Kimi K2 Thinking, 121 tok/s).
- Mistral AI publishes more open-weights models (32 vs 9).
- Mistral AI ships more often: one model every 28 days against every 56.
Best model per price band
Each provider’s highest-index model below the price ceiling. Purple marks the winner of the band.
| Price band | Mistral AI | Moonshot AI |
|---|---|---|
| Under $0.50/M | Mistral Small 4 thinking 45.6$0.262/M | – |
| Under $2/M | Mistral Medium 3.1 46.1$0.800/M | Kimi K2.6 thinking 59.4$1.71/M |
| Under $10/M | Mistral Large 4 56.7$2.06/M | Kimi K3.1 Pro 66.9$4.00/M |
| Any price | Mistral Large 4 56.7$2.06/M | Kimi K3.1 Pro 66.9$4.00/M |
Line-up
| Metric | Mistral AI | Moonshot AI |
|---|---|---|
| Flagship index | 56.7 | 66.9 |
| Ranked models | 31 | 9 |
| Open-weights models | 32 | 9 |
| Cheapest ranked, $/M | $0.058 | $1.00 |
| Fastest ranked, tok/s | 207 | 121 |
| Release cadence, days | 28 | 56 |
| Last release | 6 Oct 2026 | 23 Oct 2026 |
| Next expected | 22 Oct 2026 – 14 Nov 2026 | 25 Nov 2026 – 9 Jan 2027 |
Data as of 25 Oct 2026. See Mistral AI and Moonshot AI in full.