alt Hacker News> Europe needs a lot of these.
Europe needs profitable AI companies, not money pits.
Replies
This is the exact mentality that makes the EU fall behind. If you don't want to invest in something until it makes a profit, you don't get the benefits of being a pioneer.
> Europe needs profitable AI companies, not money pits.
AI is a strategic technology with obvious national security implications. EU should invest in its development whether it's currently profitable or not.
there are no profitable AI companies at the moment ... This is the exact problem of European startups, trying to make them profitable from day 1 while American counterparts (and Chinese) keep bleeding money for years. Europe will never have a Tesla, a Google or an Amazon with that mindset.
Name 1 AI company that is profitable, and no Meta and Google are not AI companies
Like the US!
…oh…wait…
The US has made sure that Mistral has a large market in the EU by temporarily preventing non citizens from accessing Fable.
A lot of European companies now want a model the US can't cut off, but also lack trust in Chinese models.
Some of these will self host Mistral but most will pay them by the token. It's not going to be a huge market or a huge margin within that market but probably it'll be enough.