I’d rather have one European AI lab like Mistral, with the financial firepower and compute to pretrain its own large models, than 20 weak labs that fine-tune Chinese models.

AI needs big bucks, and Mistral is Europe’s Anthropic.

Two is enough for foundation models, these guys and Aleph Alpha. The gap is closing.

You have to thank the US investors who funded Mistral from the very beginning.

Mistral would have gotten a tiny and measly "EU grant" and ASML would never have invested later had it not been for the US VCs.

> Europe needs a lot of these.

Europe needs profitable AI companies, not money pits.