Mistral's Mensch warns Europe of 'leftovers' if it quits frontier AI

Mistral CEO Arthur Mensch warned that Europe will get "leftovers" and a worsening trade balance if it stops building frontier AI models. He and DeepL CEO Jarek Kutylowski are pushing back against EU leaders, including Ursula von der Leyen, who argue Europe should focus on applications instead. Mistral, valued at €21bn, plans to increase its computing capacity sixfold over the next year.

• Mensch: quitting frontier AI leaves Europe with 'leftovers' and a trade imbalance
• Europe pays over €260bn a year to US cloud and software providers
• Mistral is valued at €21bn and plans a sixfold compute increase in a year
• Von der Leyen: Europe need not build frontier tech to capture its value