The 21 billion euro valuation of Mistral AI is a significant number, but using it as a direct influence for the AI Act's viability in a Solsice debate seems to overstate its informational weight by a wide margin.
One outlier data point, even a large one, has a low correlation coefficient to overall market sentiment, closer to a 0.1 score than the 0.8 needed for direct causation.
We'd need a minimum of 100 similar-sized raises across diverse AI companies, with regulatory compliance costs below 0.5% of total investment, before assigning a 0.75 correlation score to fundraising success and regulatory viability for an entire sector.