It feels to me they turned into a generic AI consulting & solutions company. That does not mean it's a bad business, especially since they might benefit from the "built in EU" spin (whether through government contracts, regulation, or otherwise).
One can deploy similar solution (on-prem) using better and more cost efficient open-source models and infrastructure already.
What Mistral offers here is managing that deployment for you, but there's nothing stopping other companies doing the same with fully open stack. And those will have the benefit of not wasting money on R&D.
That's what we do with Hopsworks - EU built platform for developing and operating AI systems. We have customers running DeepSeek-v3 and Llama models. I never thought about slapping a Chat UI on it and selling the Chat app as a ready made product for the sovereign AI market. But why not.
One can deploy similar solution (on-prem) using better and more cost efficient open-source models and infrastructure already.
What Mistral offers here is managing that deployment for you, but there's nothing stopping other companies doing the same with fully open stack. And those will have the benefit of not wasting money on R&D.