I want to see things like Mistral and Laguna (non-CN) succeed. I have spent about a week using Laguna S 2.1 as a test and while I wasn't blown away by its capabilities, it's also totally acceptable for many purposes.
I do hope these Quasar people learn that if you announce a new model and it already performs worse than things people can go download from huggingface, and/or buy access to with very cheap token plans via openrouter or opencode.. If your new model is API only and people can't download/examine it, it will get very little uptake and real world use.
I can see it as a niche market for european sovereignty stuff if absolutely necessary, hosted and run in Europe, sure. Same as Mistral. That's a niche which exists, there's probably enough room for a couple of modestly sized companies doing it... I guess?