Except there's no such thing as the "European model" similar how Europe is not a country.

Mistral is mostly French and tends to have mostly French speaking customers, like BNP PAribas in Belgium. Germany will want its own domestic AI champions, maybe in partnership with Switzerland and Austria, similar to how Denmark already has invested in LLMs focused on the Nordic languages with money from Norway.

The biggest mistake is treating Europe like a single homogenous country/market.