The 21 billion euro valuation of Mistral AI doesn't automatically mean the AI Act is a glowing success, especially if most of that money isn't even going towards compliance. If the bulk of their capital allocation is for compute and talent, it proves investors are chasing the technology and market, not necessarily celebrating the regulatory framework. For a local startup here in Tunisia, what does that really change tomorrow for their challenges with paperwork or getting a loan? One big fundraising round for a single company doesn't prove the entire regulatory model is sound for everyone else; it just proves that company convinced investors it had a product worth betting on, likely despite the regulations, not because of them. It's like saying a fancy new oven makes every baker a master.