The 21 billion euro valuation of Mistral AI provides some information, but its likelihood of reflecting general investor sentiment about the EU AI Act is probably quite low, maybe 15%. My prior was that large, established firms operate differently, and this event doesn't significantly update that view. A single high-profile success doesn't necessarily mean the base rate of viability for all AI startups under the Act has changed, for instance, a small startup in Tunis still faces the same paperwork burden and compliance costs.