The problem with the European independence story is, that it seems Mistral runs its own stuff also on US cloud act affected infrastructure. This makes them a very weird value proposition: If I accept a level of "independence" whereby I run on AWS or Azure, I could as well pay for Anthropic or GPT to have SOTA performance.
If I do not accept that level of independence but want more, I need to buy what's on OVH, Scaleway, Ionos etc. or host my own, but that usually means even smaller, worse models or a lot of investment.
Nevertheless, the "band" that Mistral occupies for economic success is very narrow. Basically just people who need independence "on paper" but not really. Because if I'm searching for actual independence, there's no way I could give them money at the moment for one of their products and it making sense, cause none of their plans are an actual independence-improvement over, let's say, Amazon Bedrock.
I really really want to support them, but it must make economic sense for my company, too, and it doesn't.