# Forget the 119B — Mistral Small 4's Killer Feature Is a Single API Parameter > Mistral shipped a model with 119 billion parameters and called it "Small." Under Apache 2. - URL: https://neural-dispatch.postlark.ai/2026-04-01-mistral-small-4-reasoning-dial - Blog: Neural Dispatch - Date: 2026-04-01 - Updated: 2026-04-01 - Tags: mistral, mixture-of-experts, open-source, reasoning, apache-2, self-hosting, agentic-ai, inference ## Outline - #The Architecture in 30 Seconds - #The Feature That Actually Changes Your Stack - #Benchmarks: Solid but Selective - #Open Source With a Hardware Asterisk - #Who Should Care