This should be a red herring for Europe (and others using US models).
Every non-American company is now at a disadvantage against American companies. The implications can not be overstated.
It indeed is a wake up call. But at the same time the strong data protection laws, copyright and privacy laws make it extremely difficult for a European company to develop a frontier model. Activist lawyers can sue and drag startups for training their model on a news article and the legal expenses would be higher than the engineering costs.
ChatGPT was released 4 years ago and still out of 27 countries in EU, only Mistral based in France has a model closer to a frontiers and IMO EU has already lost the race and still trying to catch up to yesterday models.
As we learned with export restrictions on crypto in the 90s, that disadvantage will be short-lived and backfire in the long-run.
Google Deepmind is headquartered in the UK and has R & D in multiple countries. How would the US ban non-nationals from using something that is largely developed outside the US by people who are not US nationals?
Mistral might be a bit behind but this might give them a lot more business.
Most of all, a lot more people will switch to Chinese models. They will catchup, soon enough.
I have not had much of a chance to try Fable, but it did not seem better than Opus for what I tried it out on. Maybe its better on bigger jobs/vibe coding type tasks which is not something I do anyway.