The 21 billion euro valuation for Mistral AI, while impressive, only reflects investor risk perception for one company, at one specific moment, not a universal truth about the AI Act's viability.
This creates a single point of failure in the argument, as one company's success doesn't guarantee the framework works for everyone.
If a smaller startup, without Mistral's capital allocation, hits a wall with compliance costs, that's the real test of the framework's blast radius.
Assuming one success validates the whole system is like saying your Wi-Fi is fine because one device connected, ignoring the five others that are still showing "no internet access.