https://en.wikipedia.org/wiki/Artificial_Intelligence_Act#Pe...

Europe shot itself in the dick with this hastily implemented at the height of mass hysteria bullshit and now no sane company will build anything there. an AI startup in the US or China can be a boy and his computer. in Europe, the boy needs a dozen lawyers.

Mistral's sinking into irrelevancy despite the head start they had, the very promising early models they released, and the funding they receive, might very well be the consequence of trying to comply with all that crap.