It's not better than full R1; Mistral is using misleading benchmarks. The latest version of R1, R1-0528, is much better: 91.4% on AIME2024 pass@1. Mistral uses the original R1 release from January in their comparisons, presumably because it makes their numbers look more competitive.

That being said, it's still very impressive for a 24B.

I'm really wondering how the new R1 model isn't beating o3 and 2.5 Pro on every single benchmark.

Sidenote, but I'm pretty sure DeepSeek is focused on V4, and after that will train an R2 on top. The V3-0324 and R1-0528 releases weren't retrained from scratch, they just continued training from the previous V3/R1 checkpoints. They're nice bumps, but V4/R2 will be more significant.

Of course, OpenAI, Google, and Anthropic will have released new models by then too...