That 21 billion euro valuation for Mistral AI really just means investors are willing to bet on that one specific company, not that the AI Act framework is suddenly viable for everyone. If we hadn't already poured attention into linking a single valuation to broad regulatory success, would we re-enter that discussion now? It just confirms Mistral can likely absorb the compliance costs, like how some large construction firms here in Portugal can handle complex permitting that would crush smaller builders.