It’s not like median (not mean) employee productivity at FAANGs and other major tech companies was ever particularly high. They always spent massive amounts of money hiring large amounts of people most of whom never provided that much direct value (due to structural/organizational reasons).

Same with AI. The business model is: spend massive amounts of money -> ??? -> success. Besides a handful of exceptions growing EU tech rarely were able to obtain enough funding without moving to the US.

Any source for those numbers, pretty please? Thanks.

> Maybe there's a reason EU is so far behind

I think we should use AI to fix this. Wait...