> Unlike the US, Europe has no California-level VCs.
Some would consider that a good thing. There is a lot to be said for VC in recent years not being beneficial for the economy, certainly on an individual level, other than "number go up".
Some would consider that a good thing. There is a lot to be said for VC in recent years not being beneficial for the economy, certainly on an individual level, other than "number go up".
At the same time, it made in many cases EU dependent on the US. A lot of governments are basically dependent on MS Office or Google Cloud.
With AI, it is even more strategic.
What people say matters much less than what they do.
All the stuff that doesn't help an economy grow or pay for the future.
Yet, I'm still sending hundreds of dollars to US companies providing it. I'd much rather send it to EU companies.
In real life, there are a few AI maniacs that make their entire identity about how they use AI, but it's hardly the sensation that the internet will make you believe. I don't believe there is any difference between the USA and Europe, although the lack of employee protection does mean that it's a lot easier for Americans to lose their jobs when their managers get lured in by AI companies.
After all, the entire AI bubble is all about VCs and startups hyping each other up until profits magically appear.
What a wild statement, VC's are behind most of the growth in the US economy, and they directly drive up wages in tech. I'd be fascinated to hear a valid complaint of VC's that isn't just money envy
And while I can't disagree it has benefited tech wages historically that is just one industry. Then there are also the recent mass layoffs.
Anyway, thanks for genuine chuckle your response got out of me.