Mistral has a very difficult scenario to navigate. Training models in Europe is difficult and expensive because of regulations and energy prices. Their own open models are lagging behind the Chinese ones. That means eventually they will turn into an inference-only enterprise running mostly Chinese open models, at which point any other European player could compete (Hetzner, OVHCloud, etc.)
They have some pretty cool people, though, no reason not to think they'll catch up soon enough.
Is this scenario far fetched? Just as Nations pay large companies to build a factory in their country, Nations will similarly pay AI companies to build a national AI model for their own consumption because AI is that beneficial.
It's a risk, but since they have training expertise they should be able to distill the best open source models to reach at least approximate parity comfortably. Frontier model territory looks increasingly out of reach for anyone without $100B for training and then you have to serve inference to recoup cost, that's an expensive proposition in EU.
...OTOH the cost of not sponsoring this in Europe may be complete technological obsolescence. Rock and a hard place situation.
Well, they can train in any country they want. It's the inference and data placement that counts for legal purposes