Mistral vs Upstage: Token Pricing, Speed & Intelligence
Full comparison of Mistral and Upstage — live token pricing, latency, throughput, context window, strengths, weaknesses, and best use cases. Rates sourced from public APIs — verify before use.
Mistral
Mistral Medium 3.5, Mistral Small 4, Voxtral TTS, Mistral OCR 4 — European sovereign AI
Mistral AI is a Paris-based lab offering both proprietary and open-weight models. The September 2026 lineup includes Mistral Medium 3.5 (frontier, 128K context, vision), Mistral Small 4 (efficient), Voxtral TTS (text-to-speech), and Mistral OCR 4 (document intelligence). Mistral Studio is their platform for building, testing, and deploying AI agents. Vibe is their AI agent product for long-horizon work. Check mistral.ai/technology/#pricing for current rates.
Upstage
Solar Pro 4, Solar Pro 3, Solar Pro 2 — Korean frontier models with strong multilingual performance
Upstage is a Korean AI company offering the Solar model family via API. Solar Pro 4 is the current flagship, with Solar Pro 3 and Solar Pro 2 available at lower price points. The Solar models are known for strong multilingual performance, particularly in Korean and English, and competitive pricing relative to their capability tier. Pricing is published at upstage.ai/pricing.
Key metric comparison
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Live token pricing
Strengths and weaknesses
Mistral
Upstage
Key differentiators
The only frontier lab offering European data sovereignty with open-weight models — plus Mistral OCR 4 for document intelligence, Voxtral TTS for voice, and Mistral Studio for agentic AI.
Korean-built Solar models with strong multilingual performance and competitive frontier-tier pricing — Solar Pro 4 at $0.30/$1.20 per 1M tokens.
Frequently asked questions
Mistral FAQs
What are the latest Mistral models?
Mistral's September 2026 lineup includes Mistral Medium 3.5 (frontier, vision, 128K context), Mistral Small 4 (efficient), Voxtral TTS (text-to-speech), and Mistral OCR 4 (document intelligence). Mistral Small 4 is one of the cheapest capable models available.
Are Mistral models open-weight?
Some are. Mistral 7B, Mixtral 8x7B, and Mixtral 8x22B are open-weight and available on Hugging Face. Mistral Medium 3.5 and Mistral Small 4 are proprietary and available via the API.
What is Mistral OCR 4?
Mistral OCR 4 is a document intelligence model specialised for extracting text and structure from PDFs, scanned documents, and images. It is part of Mistral's Document Intelligence domain offering.
Upstage FAQs
What is Upstage Solar?
Upstage Solar is a family of LLMs from Korean AI company Upstage. Solar Pro 4 is the current flagship, with Solar Pro 3 and Solar Pro 2 at lower price points. See upstage.ai/pricing for current rates.
How much does Upstage Solar cost?
As of October 2026: Solar Pro 4 $0.30/$1.20 per 1M tokens, Solar Pro 3 $0.15/$0.60, Solar Pro 2 $0.15/$0.60. See upstage.ai/pricing for current rates.
Is Upstage good for Korean language tasks?
Yes. The Solar model family is developed by a Korean AI company and shows strong performance on Korean-language benchmarks, making it a top choice for Korean NLP workloads.
Provider resources
Mistral — Mistral Medium 3.5, Mistral Small 4, Voxtral TTS, Mistral OCR 4 — European sovereign AI
Mistral AI is a Paris-based lab offering both proprietary and open-weight models. The September 2026 lineup includes Mistral Medium 3.5 (frontier, 128K context, vision), Mistral Small 4 (efficient), Voxtral TTS (text-to-speech), and Mistral OCR 4 (document intelligence). Mistral Studio is their platform for building, testing, and deploying AI agents. Vibe is their AI agent product for long-horizon work. Check mistral.ai/technology/#pricing for current rates.
The only frontier lab offering European data sovereignty with open-weight models — plus Mistral OCR 4 for document intelligence, Voxtral TTS for voice, and Mistral Studio for agentic AI.
Upstage — Solar Pro 4, Solar Pro 3, Solar Pro 2 — Korean frontier models with strong multilingual performance
Upstage is a Korean AI company offering the Solar model family via API. Solar Pro 4 is the current flagship, with Solar Pro 3 and Solar Pro 2 available at lower price points. The Solar models are known for strong multilingual performance, particularly in Korean and English, and competitive pricing relative to their capability tier. Pricing is published at upstage.ai/pricing.
Korean-built Solar models with strong multilingual performance and competitive frontier-tier pricing — Solar Pro 4 at $0.30/$1.20 per 1M tokens.
Key strengths compared
Mistral
- Mistral Medium 3.5 with vision — competitive frontier pricing
- Mistral OCR 4 for document intelligence and PDF processing
- Voxtral TTS for voice applications
- Intelligence scores trail OpenAI and Anthropic at frontier tier
- Smaller ecosystem than OpenAI
Upstage
- Solar Pro 4: competitive frontier-tier pricing at $0.30/$1.20 per 1M tokens
- Strong multilingual performance — Korean and English
- Three-tier model family: Solar Pro 4, 3, and 2 for different cost/quality trade-offs
- Smaller global ecosystem than OpenAI or Anthropic
- Limited model variety beyond the Solar family
Key weaknesses compared
Mistral
- Intelligence scores trail OpenAI and Anthropic at frontier tier
- Smaller ecosystem than OpenAI
- Vibe and Studio products are newer and less battle-tested
Upstage
- Smaller global ecosystem than OpenAI or Anthropic
- Limited model variety beyond the Solar family
- Less documentation in English than major US providers
Provider category context
Mistral is a frontier lab, founded in 2023. Upstage is a frontier lab, founded in 2020. Both are frontier lab providers — the comparison is primarily about pricing, model selection, and feature differentiation within the same tier.
How to choose between them
Both Mistral and Upstage are frontier labs with proprietary models. Choose based on benchmark performance for your specific task: Mistral leads on mistral medium 3.5 with vision — competitive frontier pricing, while Upstage leads on solar pro 4: competitive frontier-tier pricing at $0.30/$1.20 per 1m tokens. For cost-sensitive workloads, compare the cheapest model tier from each provider in the pricing table above — the gap between efficient-tier models is often larger than between flagship models.