Mistral is considered Europe’s best shot at having a home-grown AI competitor, but has lagged behind in terms of market share and revenue.

French AI firm Mistral will release its first reasoning model Tuesday, taking on the likes of OpenAI and China’s DeepSeek.

Mistral released Magistral, its first family of reasoning models. Like other reasoning models — e.g. OpenAI's o3 and Google's Gemini 2.5 Pro — Magistral works through problems…