They just end up making their local tech entrepreneurs flee to US/UK.
They just end up making their local tech entrepreneurs flee to US/UK.
Really? Which startups flee due to GDPR?
In my experience as a user, I now have option to download my data and know what's collected about me. I like it.
[0] https://investors.biontech.de/news-releases/news-release-det...
Companies do these things all the time, I guess it's fun to imagine that opening offices in other countries is fleeing and that are fleeing to UK because they are having trouble processing personal data when developing drugs but I don't see why would that be the case.
Fun fact: UK data protection laws are about the same as EU.
Fun fact: Why would UK miss the chance to attract tech companies and get rid of pre-Brexit laws after they went through all the unfortunate hassle Brexit was?
Because UK is not made of libertarians who were under the EU opression but all those EU laws were made with UK's contribution and input. The UK has not become the libertarian utopia and will not become the libertarian utopia inside or outside of EU because the British public at large doesn't want it. If anything, probably the Labour party will win the next elections, the libertarians are very unpopular. British are not Americans and most don't trust corporations and want government involvement in protecting them against wrongdoings.
Brexit's biggest con was that EU is some 3rd party and the British public wants something else. In reality, Brits made the EU.
Who is checking for that? Can you give me an example of any public authority within the EU that has the operational excellence to even understand how BigTech is collecting and handling data? For Germany I only see Ulrich Kelber who certainly does not have the competence to even understand how BigTech is doing their things.
Instead of developing operational excellence in their prosecution authorities to be able to track down and punish bad actors, they install regulations for everyone and try to simulate competence harming their own economy.
Not all crimes are preventable, which doesn't mean the laws aren't enforceable. Example: even though murder is illegal, people still commit murder, but they are rightfully punished for it, as the law mandates.
> [...] harming their own economy.
Do you have any proof that tech regulation is detrimental to the economy?
Which of the new AI labs is setup in EU?
Stability? Midjourney? Anthropic? Cohere? Every single one is either in the US or UK. LLM companies deal with huge legal uncertainties, especially around data and privacy. Hence investors are reluctant to fund any in the EU, and potential founders are deterred. This is all legacy of the GDPR and the 'regulatory superpower' mindset that the EU deluded itself into.
The only new wave AI company from the EU is DeepL, which is going to face really really intense competition from LLMs.
here is a quick watch: https://www.youtube.com/watch?v=5ZdmS-EAbHo
I have no idea why would you claim that with the introduction of GDPR Europe lost on tech. By tech I mean the SV industry, there are many other technologies out there.
Anyway, why all the "tech" is in SV? Do they have GDPR in the other states?
There are plenty of smaller AI startups splattered across the US.
AFAIK, so far the UK is quite happy with the GDPR and has no plans to abandon it.
And if this is your counter example, then it proves my point that the Americans far more innovative currently.