It's certainly not as capable as something that needs a high memory gpu for quick performance, but I was quite impressed with it for what it is.
(and fwiw, I had it translate your last paragraph to German, then used google translate back to english: "I wish they had handled this clearly and transparently via an opt-in mechanism—not enabled by default—that explains what Mistral is (not a major American cloud company, but a relatively small French startup) and that your prompts and LLM activities are sent to their servers. I also wish there were documentation explaining how the data is handled and stored in a way that inspires trust.").