Mistral AI vs ChatGPT: The most reliable OCR accuracy test
Mistral AI and ChatGPT are known for offering high-performance optical character recognition (OCR) solutions. But when it comes to extracting text from invoices and documents, which one provides the most accurate results? Let's delve into a comparative test to find out.
Mistral AI vs ChatGPT: A Comparison
At Koncile, we consistently explore the latest advancements in visual language models (VLM) and rigorously test these technologies to understand their practical applications better. As part of this ongoing effort, we have developed our AI-powered OCR solution to enhance the accuracy and reliability of extracting complex data.
Recently, Mistral AI introduced its latest OCR model, boasting state-of-the-art technology and unprecedented benchmarks. The rollout of this model generated significant buzz across platforms like Hacker News, with users hailing it as a groundbreaking solution for PDF text extraction.
To evaluate the performance of Mistral OCR, we decided to compare it with ChatGPT, another prominent player in the AI landscape. Despite Mistral claiming a 94.9% accuracy rate for its OCR and similar reports indicating high scores for ChatGPT (89.77%), our in-depth testing revealed a notable disparity between these theoretical claims and the actual results on our dataset.
Test Results
When analyzing a standard invoice using Mistral's OCR model, we observed a reliability rate of 63.75%. On the other hand, employing the ChatGPT template yielded an overall reliability rate of 57.5%. These findings underscored that neither Mistral AI nor ChatGPT lived up to their OCR capabilities as advertised.
Further breakdown of the results revealed that Mistral AI excelled in pure transcription with an accuracy of 98.75% but struggled with 27.5% missing data. Conversely, ChatGPT, while better at data positioning, experienced even higher data loss at 42.5%. Ultimately, neither model could guarantee complete and reliable data extraction, especially for intricate documents like invoices.
At Koncile, we have developed an advanced OCR solution that combines high-precision extraction with intelligent document understanding. Our optimized AI significantly reduces errors and ensures accurate data extraction, even from non-standardized documents.
Why Choose Koncile OCR?
- Higher reliability – Minimized errors
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Fewer missing data & improved information structuring - Adapted for complex documents – Ideal for invoices, contracts, and reports
For businesses seeking precise and structured data extraction, Koncile OCR stands out as the superior choice.
