That depends on your requirements or rather what you compare it with. Their models seem to focus on cheap agentic AI usage or even local installations. This will become relevant as soon as the AI bubble bursts and all big players have to massively adjust their prices. E.g. their latest “devstral 2 small” model obviously has to be compared to similar small model that offer a similar FOSS permissive license. But even comparing their bigger service based offering to similar “cheap” offerings from Anthropic it seems they can compete: https://byteiota.com/mistral-devstral-2-7x-cheaper-than-claude-72-swe-bench/

Few weeks ago I saw a really cool presentation about the history and current state of Linux phone. It is unfortunately in German, slides in English though: https://youtu.be/JeFoRE72Gu0