Mistral's Now Summit positioned the company as Europe's sovereign AI stack with domain-specific models already in production at BNP Paribas and Amazon Alexa+, making the EU compliance angle a genuine differentiator. A viral engineering post measured MCP tool definitions consuming 10.5% of a 200K context window before a single user message, putting tool-loading architecture on the product radar as a first-order budget and latency decision. Liquid AI's LFM2.5-8B hits 30 tokens per second on a smartphone, crossing the threshold for truly private on-device agents as a straightforward infrastructure choice rather than a research project.