OpenEuroLLM, a project with a total budget of €37.4 million, aims to develop a series of transparent AI models in compliance with EU regulations while promoting linguistic and cultural diversity. The consortium consists of 20 research institutions, and it has received the 'Sovereignity Seal' indicating EU approval. However, there is skepticism from the community regarding the project's actual deliverables and its ability to compete with advanced models from the US and China. Key concerns include a lack of immediate outputs, vague regulatory compliance details, and a perceived disconnect between funding initiatives and tangible results. Some commenters suggest that existing models like Mistral might already meet their needs more effectively than potential outcomes from the OpenEuroLLM initiative.