Cerebras vs Mistral: Token Pricing, Speed & Intelligence

Full comparison of Cerebras and Mistral — live token pricing, latency, throughput, context window, strengths, weaknesses, and best use cases. Updated July 2026.

Cerebras

Wafer-scale AI chips — 4,500 tokens/sec, the fastest inference on earth

Cerebras uses wafer-scale silicon (the CS-3 chip covers an entire silicon wafer) to deliver extraordinary inference throughput. Llama 3.1 8B runs at 4,500+ tokens/second — roughly 10× faster than GPU-based providers. This makes Cerebras uniquely suited for real-time applications, voice AI, and interactive coding assistants.

Voice AIReal-time chatSpeedInteractive codingStreaming

Open-weight hostHosts open weights

Mistral

European frontier AI — Mistral Large, Codestral, and open models

Mistral AI is a Paris-based lab that trains both proprietary and open-weight models. Mistral Large competes with GPT-4 class models at lower prices, while Codestral is purpose-built for code generation with a 262K context window. Several Mistral models are open-weight and available for self-hosting.

CodingEuropean complianceOpen-sourceCost-efficiencyChat

Proprietary modelsHosts open weights

Key metrics

Cheapest input ($/1M)

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Cheapest output ($/1M)

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Peak throughput

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Best latency (TTFT)

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Intelligence score

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Context window

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Live token pricing

Strengths & weaknesses

Cerebras

4,500+ tokens/sec on Llama 3.1 8B — fastest inference available

Sub-50ms time-to-first-token for real-time applications

Wafer-scale chip architecture eliminates GPU memory bottlenecks

Competitive pricing for the throughput delivered

OpenAI-compatible API

Very limited model selection — only a few Llama variants

No vision or multimodal support

No fine-tuning capability

Mistral

Several open-weight models available for self-hosting

Codestral purpose-built for code with 262K context

European data sovereignty — GDPR-native

Competitive pricing vs. GPT-4 class models

Mistral Small is one of the cheapest capable models at $0.10/1M

Intelligence scores trail OpenAI and Anthropic at frontier tier

Smaller ecosystem than OpenAI

No vision support on smaller models

Key differentiators

Cerebras

Cerebras delivers 4,500+ tokens/sec on Llama 3.1 8B — 10× faster than any GPU provider, enabling genuinely real-time AI applications.

Mistral

The only frontier lab offering open-weight models alongside proprietary ones — giving teams the flexibility to self-host or use the API.

Frequently asked questions

Cerebras FAQs

How fast is Cerebras inference?

Cerebras delivers 4,500+ tokens/second on Llama 3.1 8B — roughly 10× faster than GPU-based providers like Groq (1,200 t/s) or Together AI (350 t/s). This makes it the fastest inference option available.

What is a Cerebras wafer-scale chip?

The Cerebras CS-3 chip is fabricated on a single silicon wafer rather than individual dies. This gives it 900,000 AI cores and 44GB of on-chip SRAM, eliminating the memory bandwidth bottleneck that limits GPU inference speed.

What models does Cerebras support?

Cerebras currently supports Llama 3.1 8B and 70B, and Llama 3.3 70B. The model selection is intentionally limited — Cerebras focuses on delivering extreme speed on a curated set of models rather than broad catalog coverage.

Mistral FAQs

How much does the Mistral API cost?

Mistral Large costs $2.00/1M input and $6.00/1M output tokens. Mistral Small is $0.10/$0.30 per 1M tokens — one of the cheapest capable models available. Codestral for code generation is priced separately.

Are Mistral models open-weight?

Some are. Mistral 7B, Mixtral 8x7B, and Mixtral 8x22B are open-weight and available on Hugging Face for self-hosting. Mistral Large and Codestral are proprietary and only available via the API.

What is Codestral?

Codestral is Mistral's code-specialised model with a 262K context window. It supports 80+ programming languages and is optimised for code completion, generation, and explanation tasks.

Provider resources

Cerebras

Provider page Website Pricing Docs

Mistral

Provider page Website Pricing Docs

Cerebras — Wafer-scale AI chips — 4,500 tokens/sec, the fastest inference on earth

Cerebras delivers 4,500+ tokens/sec on Llama 3.1 8B — 10× faster than any GPU provider, enabling genuinely real-time AI applications.

Mistral — European frontier AI — Mistral Large, Codestral, and open models

The only frontier lab offering open-weight models alongside proprietary ones — giving teams the flexibility to self-host or use the API.

Key strengths compared

Cerebras

▸4,500+ tokens/sec on Llama 3.1 8B — fastest inference available
▸Sub-50ms time-to-first-token for real-time applications
▸Wafer-scale chip architecture eliminates GPU memory bottlenecks

Mistral

▸Several open-weight models available for self-hosting
▸Codestral purpose-built for code with 262K context
▸European data sovereignty — GDPR-native

Provider category context

Cerebras is a inference api, founded in 2016. Mistral is a frontier lab, founded in 2023. Cerebras as an inference API provider hosts open-weight models — typically offering lower prices for equivalent capability tiers. Mistral as a frontier lab trains and serves proprietary models with capabilities not available elsewhere.

How to choose between them

Choose Cerebras if you need 4,500+ tokens/sec on llama 3.1 8b — fastest inference available. Choose Mistral if you need several open-weight models available for self-hosting. For high-volume production workloads, run a cost comparison using the token pricing table above with your actual prompt/completion token ratio — the cheapest provider depends heavily on your input-to-output token ratio.