Assuming Mistral AI's success proves the whole regulatory framework is viable is a risky jump, overlooking potential downside for many others.
We need to account for what happens if others cannot navigate the compliance costs; a single exception doesn't make the rule for an entire ecosystem.
For instance, small Swiss startups might face an existential threat from administrative burdens that large, well-funded companies can absorb.
The true test is how well the system protects the fragile, not how well it champions the few already strong.