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"What does Mistral own?"

Independence from the USA's CLOUD Act, secret FISA courts, and ICC-style disabling of important services.*

*…and the Chinese equivalents.

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Do they actually own it though? AFAIK they have no significant moat even in the EU (legal or competitive) and given the current accessibility to non-SOTA AI (open weight models and distillation) it's just a matter of time until Mistral gets serious competition on these points.
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The wording of the CLOUD act prevents any American company from competing, but yes, other European-only companies could offer the same.
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