Mistral AI's 21 billion euro valuation provides information, sure, but the likelihood that it directly informs the regulatory viability of the AI Act is, in my updated view, around 30%. My prior was closer to 60%, but the data suggests this funding is more about tech and talent, not a statement on regulatory clarity. Investors are probably betting on Mistral's ability to navigate regulations, not that the regulations themselves are suddenly good. For example, if a major tech startup here in Tunisia gets huge funding, it means investors trust their product and team, not that our local business registration laws are suddenly perfect.