Mistral AI unveils Mistral OCR3, delivering 74% performance leap in document intelligence

Mistral AI has launched Mistral OCR3, its next-generation optical character recognition (OCR) technology, marking a major advance in intelligent document processing. The new model delivers 74% higher accuracy and efficiency over its predecessor, Mistral OCR2, with standout performance in handling tables, scanned documents, complex layouts, and handwritten text.

Designed to extract both text and embedded images from diverse document types with exceptional fidelity, Mistral OCR3 supports structured output in Markdown and reconstructs tables using semantic HTML, enabling downstream systems to better interpret document structure and meaning.

Despite its advanced capabilities, the solution remains lightweight and cost-effective:

• $2 per 1,000 pages via standard API
• 50% discount with batch processing—bringing the price down to just $1 per 1,000 pages

To ensure real-world reliability, Mistral developed a new set of challenging internal benchmarks focused on actual enterprise use cases. OCR3 shows significant improvements in recognizing handwriting, forms, multi-column layouts, and degraded scans, making it adaptable across a wide range of document types.

The technology is especially well-suited for high-volume enterprise workflows and interactive document automation. Developers can use it to:

• Digitize invoices, compliance forms, and technical reports
• Convert historical or handwritten archives into searchable Markdown
• Automate data extraction for AI-powered analysis

Early adopters have already reported success in invoice processing, corporate archive digitization, and technical documentation parsing.

According to Tim Law, Research Director at IDC, “OCR is a foundational layer for both generative AI and agentic AI. Organizations that can reliably extract high-fidelity text and embedded visuals will unlock greater data value—and gain a competitive edge.”

Mistral OCR3 is now available through Mistral AI’s developer platform, offering enterprises a scalable, affordable path to intelligent document understanding.