It looks like the EU is preparing to miss AI as well.
I don’t think the fact that Google, Amazon, and Facebook were built in the US is down to EU regulations.
It’s no more difficult to start a tech company in Europe than it is in the US, and it’s generally no more onerous to grow it, from a regulatory perspective. But ambitious entrepreneurs often head to the US in order to tap into a larger market and more developed ecosystem.
So I’m not sure the analogy is that valid. But yeah, I do think that EU regulation of AI may be an additional factor that skews the playing field.
Why do you think all the capital is allocated in the US? Because we don't smother as many companies to death
> It’s no more difficult to start a tech company in Europe than it is in the US, and it’s generally no more onerous to grow it,
This is an extremely bizarre claim.
I'd say that even more importantly, they were born in very specific places in the US
It's not like Amazon could have started in Atlanta for example.
(Amazon does sound like the one that was the most distant from the academic and valley world, but MS was in Seattle first)
If I needed a $1m for an idea, I can go beg for it in Australia, UK etc. have the Dragons Den types laugh at me for not giving them 99% for $100k, or I go to the US and have a different problem - how to choose which investors to dedicate my time to, and which are wasting my time. But getting the money is not the problem.
I suspect its more the power of consolidation and first mover advantage.
Can you elaborate on that? And was this also the case in the 2000s and early 2010s?