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Comment by rippeltippel | Hacker News Reader

Hopefully, EU-based Yann LeCunn's AMI Labs will develop foundational world models at some point. As I see it, the main problem in EU is not lack of talent: it's lack of investments. Mistral itself recently secured 4B, which is 50 times less than what it could have made in the US.

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Investing in the EU is like burning cash. Excessive regulation, high costs and taxes (especially of human labor), and investors get punished for creating and growing companies.

Even if you overcome all of this and become successful, you'll get chased by politicians for having too much money (which is not allowed in the EU).

And even if you don't, today, it will be tomorrow.

Easier to just take a long haul flight to your favorite US coast and do it there.

However true that is, it now has only to compete with the US, where any model could be shut down by the Government on a whim with no clear rules at any time.

It's happened once, could happen any time.

Not good for business!

We have billionaires too in the EU, they obviously aren’t chased by politicians… wtf are you talking about

https://www.theguardian.com/world/2023/apr/10/super-rich-aba...

The rest who are not chased are usually deeply intertwined with politicians, and are running corruption schemes along them.

I'm not one to hate rich people (I'm a capitalist myself), but if any billionaires are to be looked at with skepticism, it's EU billionaires with significant political ties.

Norway isn’t in the EU. A wealth tax isn’t „chasing billionaires“. It’s a local political issue…

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