Competition by whom? The entire EU software industry is completely pathetic.

The EU has been regulating the US tech for over a decade. In that time the EU has only fallen further behind.

Meanwhile China has been steadily moving towards being an actual competitor to the US, while the EU is loosing the one large industry which it has left, manufacturing, to China.

This whole thing is pathetic. Of the goal of the EC ever was the creation of a competitive EU software industry it was a total failure and it was bound to be a total failure. Because what they did were idiotic regulations.

Everything the regulations have accomplished is that trying to compete in the EU puts such an enormous legal burden on any prospective competitor that failure is guaranteed.