Mistral’s last Medium-series release, the 128B-parameter Medium 3.5 in late April 2026, unified instruction-following, reasoning, and coding into a single dense checkpoint with configurable reasoning effort and 256K context, retiring several prior specialized models. Since then the company has prioritized narrower releases and its new flagship: the trillion-parameter Large 4 MoE, previewed October 6 with open weights slated for late October. No public roadmap or credible reporting signals an imminent Medium 3.6, leaving traders watching Mistral’s cadence against faster-moving open-weight rivals and any hints of a unified follow-on model at upcoming developer events or earnings updates.
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