Regulating the tech Market is great for local tech só what happens is pretty the opposite. No country will lose GDP if meta or google leave
Except, it is not. At least not in the situation that the EU is in. Because all regulations are a constant burden on business, small relative to big corporations, huge for medium companies and insurmountable for startups.
The EU has no big players, not a single one! We have a few medium players like SAP and that is it. So, we are already far behind and every weight we load on to drag us down is another nail in the coffin.
I'll finish it to save everyone some time:
A: how much of gdp is facilitated through the search abilities of meta and google, though?
B: It doesn't matter.
A: Why not?
B: There will be someone else who is willing to play by the local rules fulfilling the same function in their place, just like in many countries around the world already.
Building a competitive search engine or AI model requires VC investment.
It's simply too expensive to do otherwise.
VC investment requires a vibrant startup ecosystem, well crafted regulations and a risk-tolerant culture.
> VC investment requires a vibrant startup ecosystem, well crafted regulations and a risk-tolerant culture.
Yandex, Baidu, and many other lesser-known local-only search engines exist. There's also nothing stopping an already existing technology company from entering search. The statement is incorrect.
Meanwhile common sense tells us that obviously there's going to be investment into domestic search engines if Google voluntarily throws in the towel. Europe is a huge place and there's a lot of money to be made, even if it's merely with context-based advertising and no individual tracking.
> Building a competitive [..] AI model requires VC investment [..] and a risk-tolerant culture.
Training a large model anyways, since nobody has really figured out how to recoup that investment yet. Why are you trying to derail this from talking about search though?
So no, ot doesn't require VC cash to build something useful for people.
Umm, nope. I’m conjecturing that there could be an enabling aspect of huge scale, and that some smaller economies may fall below the threshold. Personally i hope what you wrote works.