It's a pretty low-cost move to point to one company's success, like Mistral AI, and claim it proves a whole regulatory system works.
That kind of thinking skips over the specific reasons that company made it, which probably aren't easy for everyone else to copy.
For most businesses, the compliance costs of new regulations are a huge burden, not a small hurdle a few can jump.
We need to see how a lot of small-to-medium players fare, not just the rare unicorns, before calling a framework viable for the whole market.