A verdict here is not a fixed property of the vendor. A one-off pricing event demotes a vendor while its recorded date falls in the last 180 days and then lapses on its own, with nothing about the vendor having changed; a standing condition — a free tier withdrawn and not restored, a product retired — does not lapse with time. This one rests on a standing condition, so it does not lapse.
Since about 2026-11-05, Mistral's Free plan covers Vibe and Studio and does not include API access. Creating API keys and calling the API require billing activation and pay-as-you-go with prepaid credits. Before then, Free mode let anyone create API keys with no credit card. The pricing page listed $10 a month of API credits on the Free plan until 2026-10-07. Mistral Pro costs $14.99 a month and includes $25.50 a month in API credits, shared across the API, Studio and Vibe Code. It included $30 a month until 2026-10-07. Verified students who have not used Vibe or Le Chat before can take the Education plan for $5.99 a month, for up to 12 months, with $15 a month in API credits. The Free plan has limited messages, web searches and coding sessions in Vibe. API prices: Ministral 3 (3B) $0.1/$0.1 (per 1M tokens); Mistral Small 4 $0.15/$0.6 (per 1M tokens); Mistral Large 3 $0.5/$1.5 (per 1M tokens); Mistral Large 4 (mistral-large-4; public preview since 2026-10-06, 1M-token context) $0.7/$2.1 (per 1M tokens); this price started on 2026-10-29; from 2026-10-20 until then, it was $1.36/$4.18; Mistral Medium 3.5 $1.5/$7.5 (per 1M tokens); Codestral $0.3/$0.9 (per 1M tokens). To call Mistral Large 4, use the model name mistral-large-4; mistral-large-latest still points to Mistral Large 3 (mistral-large-2512). Mistral Embed is $0.1 per 1M input tokens, and Codestral Embed is $0.15 per 1M input tokens. OCR 3 (mistral-ocr-2512) costs $2 per 1,000 pages and $3 per 1,000 annotated pages. OCR 4.1 (mistral-ocr-4-1) costs $4 per 1,000 pages and $5 per 1,000 annotated pages. OCR 3 remains available. Mistral Moderation 2 is free. Speech: Voxtral 3 models, released 2026-10-20: Voxtral Mini Transcribe 3 (batch) costs $0.0035 per minute of audio, Voxtral Small Transcribe 3 $0.004 per minute, Voxtral Mini Transcribe Realtime 3 $0.008 per minute, and Voxtral Speech 3 (text-to-speech) $13 per 1M characters. The earlier models are still offered: Voxtral Mini Transcribe 2 $0.003 per minute, Voxtral Mini Transcribe Realtime $0.006 per minute, and Voxtral TTS (text-to-speech) $16 per 1M characters. Mistral's voice agent API costs $0.04 per minute with Mistral Small 4 for reasoning, and $0.08 per minute with any other reasoning model. Mistral retired these models in 2026, and a request to a retired model fails with a 404 error: Mistral Large 2.1 (mistral-large-2411), Pixtral Large (pixtral-large-2411) and Devstral Medium 1.0 (devstral-medium-2507) on 2026-05-31, replaced by Mistral Medium 3.5; Devstral Small 1.1 (devstral-small-2507) on 2026-05-31, replaced by Mistral Small 4; Voxtral Mini and Voxtral Mini Transcribe (voxtral-mini-2507) on 2026-05-31, replaced by Voxtral Mini Transcribe 2; OCR 2 (mistral-ocr-2505) on 2026-05-31 and OCR 4.0 (mistral-ocr-4-0) on 2026-09-30, replaced by OCR 4.1; Mistral Moderation (mistral-moderation-2411) on 2026-06-30, replaced by Mistral Moderation 2; Mistral Small 3.2 (mistral-small-2506) and Magistral Small 1.2 (magistral-small-2509) on 2026-07-31, replaced by Mistral Small 4; Mistral Nemo 12B (open-mistral-nemo-2407) on 2026-07-31, replaced by Ministral 3 8B; Devstral 2 (devstral-2512) and Magistral Medium 1.2 (magistral-medium-2509) on 2026-07-31, and Mistral Medium 3 and 3.1 (mistral-medium-2505, mistral-medium-2508) on 2026-08-31, replaced by Mistral Medium 3.5. Mistral's table at docs.mistral.ai/models also lists the Labs models it retired. Z.ai GLM 5.2 (zai-glm-5-2) retired on 2026-10-31, replaced by GLM 5.3. Mistral deprecated Mistral Large 3 (mistral-large-2512), Mistral Medium 3.5 (mistral-medium-3-5), Voxtral TTS (voxtral-mini-tts-2603), Voxtral Mini Transcribe 2 (voxtral-mini-2602) and Voxtral Mini Transcribe Realtime (voxtral-mini-transcribe-realtime-2602) on 2026-10-31; all five retire on 2027-04-30, replaced by Mistral Large 4 for the two text models, Voxtral TTS 3 for Voxtral TTS, Voxtral Mini Transcribe 3 for Voxtral Mini Transcribe 2 and Voxtral Mini Transcribe Realtime 3 for Voxtral Mini Transcribe Realtime. Batch processing is half price, and cached input tokens cost up to 90% less. Mistral publishes no rate-limit figures. Each organization's per-model limits (tokens per minute, requests per second) appear in Admin Panel > API > Limits. The tools of Mistral's MCP server are grouped by Studio capability: Skills, Workflows, Connectors, Observability, Evaluations, Organization and Apps.
- Since August 2026, Mistral offers Mistral AI Studio and its API only to business customers. Its consumer terms for personal use exclude both, and API use falls under the Commercial Terms for an organization, company or other entity. (From legal.mistral.ai/terms/row-consumer-terms, read 2026-10-11.)
- A business can use Mistral's API in a commercial product; individuals cannot use the API for personal projects. (From legal.mistral.ai/terms/commercial-terms-of-service, read 2026-10-11.)
- Models whose names start with "labs-" are free of charge once you have API access; Mistral calls them experimental and not for production. (From docs.mistral.ai/inference/model-lifecycle, read 2026-11-12.)
- In Free mode, Mistral may use your Studio inputs and outputs to train its models, and you can opt out at any time. (From help.mistral.ai/en/articles/347617-do-you-use-my-user-data-to-train-your-artificial-intelligence-models, read 2026-11-12.)
- The API opt-out toggle is under Anonymous improvement data, in the Privacy menu of the Admin panel, and is separate from the Vibe training toggle, so opting out of one does not opt out of the other. (From help.mistral.ai/en/articles/455207-can-i-opt-out-of-my-input-or-output-data-being-used-for-training, read 2026-10-05.)
- Mistral may train on inputs and outputs from Labs or Preview Models, which its Commercial Terms define as experimental, preview or pre-release models identified as such, including those with the "labs" prefix, even if you opted out or use zero data retention. Mistral Large 4 is a public preview. (From legal.mistral.ai/terms/commercial-terms-of-service, read 2026-10-11.)
- Le Chat is now called Vibe. "Vibe is the new name for what you knew as le Chat." Accounts and plans moved over. A Le Chat Pro subscription is now Mistral Pro. (From help.mistral.ai/en/articles/682992-le-chat-is-now-vibe, read 2026-10-21.)
- Pay-as-you-go uses prepaid credits. Your monthly usage is consumed first. API and Vibe Code requests beyond it fail with HTTP 402 if your credit balance is zero. Add credits to restore access. Auto Recharge charges your payment method when your balance falls below a set threshold. (From docs.mistral.ai/admin/billing-usage/billing, read 2026-11-04.)
- An Organization monthly spending limit caps API and Vibe spending. Each Workspace can have its own monthly spending limit, no higher than the Organization's. By default Workspaces have no cap. If the limit is reached, API access can be suspended until the next month begins or an admin increases the limit. (From docs.mistral.ai/admin/billing-usage/billing, read 2026-11-04.)
- Enabling pay-as-you-go unlocks Tier 1. Tiers upgrade automatically with the cumulative billed amount: Tier 2 over $20 billed, Tier 3 over $100, Tier 4 over $500. Over $2,000 billed, contact support. Adding credits does not raise your rate limits. Article dated August 12, 2026. (From help.mistral.ai/en/articles/698531-why-am-i-hitting-api-rate-limits-and-how-do-i-increase-them, read 2026-11-04.)
- The global endpoint api.mistral.ai has no committed inference location. Regional endpoints api.eu.mistral.ai and api.us.mistral.ai are billed at 1.1 times standard pricing. They support function calling as the only tool and do not offer Agents, Batch or the Files API. (From docs.mistral.ai/inference/regional-inference, read 2026-11-04.)
- Zero Data Retention requires pay-as-you-go and applies only to stateless API calls. Mistral reviews each request and approves or denies it. Not available for agents, conversations, libraries, batch files, or the Files API. (From help.mistral.ai/en/articles/347612-can-i-activate-zero-data-retention-zdr, read 2026-11-04.)
- Only Priority Tier has an uptime SLA of 99.5%. It requires account setup with Mistral and custom per-model limits. Standard and Batch tiers have no SLA. (From docs.mistral.ai/inference/priority-tier, read 2026-11-04.)