Why the Future of AI Will Not Be Invented in Europe

techliberation.com

6 points·amadeuspagel··4 comments

The article seems misguided. There was no "regulation" of the internet in the 90ies in the EU, which could have hampered the creation of "internet unicorns". As the author tries to present regulation as the main culprit also for future developments, this kind of renders the whole article moot.

Also the statistics it brings forward are plainly wrong - the one European "internet company" it presents for 1995, Axel Springer, was not even engaged much on the internet in 1995, but was mainly a press company, which only recently expanded to the internet.

If you search for reasons, why it's more difficult for EU companies to grow big, I'd bet on a missing culture of venture capital and smaller market sizes: While the EU market as whole is large, it is still compromised of many countries with many languages und many different cultures.

It has nothing to do with: 'missing culture of venture capital'

It has something to do with US companies purchasing them, competing with them in an unfriendly way, and lobbying governments to push theirs instead

Jitsi for example, could have been the perfect alternative to zoom, instead it was purchased by an american company, and the EU opted massively for Teams by MS

The problem is the US who is acting like a raptor, and that strategy works for them, but not for the EU

Once the EU managed to solidify their economy and promote their own companies, things will improve

And yet most open source projects are born in Europe ;)

Most europeans prefer to forget the eurofighter typhoon exists for a reason.

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