All thanks to the US VCs that acutally have money to fund Mistral's entire business.
Had they gone to the EU, Mistral would have gotten a miniscule grant from the EU to train their AI models.
I mean, one is a government, the other are VCs (also, I would be shocked if there isn't some French gov funding somewhere in the massive mistral pile).
Mistral biggest investor is asml, although it became so later than other vcs