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DeepNewz, mobile.
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Recent discussions highlight a perceived decline in Europe's tech industry compared to the United States and China. Analysts suggest that Europe's focus on regulatory measures has stifled innovation, leading to a lack of significant tech companies. Critics argue that ambitious carbon neutrality goals have negatively impacted various industries, including energy and manufacturing. The European Union's bureaucratic approach to digital governance has also been cited as a factor driving innovators and investors away from Europe. In contrast, the U.S. and China are seen as aggressively expanding their energy sectors and investing in technology to meet growing demands, particularly in artificial intelligence. This divergence raises concerns about Europe's competitiveness on the global stage.
"The European Union’s highly bureaucratic and risk-averse approach to digital governance created an environment of regulatory uncertainty that resulted in many of their best innovators and investors fleeing for America’s shores." https://t.co/6WBVjoVmTv @AdamThierer
As a European this deeply saddens me. While USA/China are treating energy as a currency (which it is) and are competing for a massive build-out to support the increasing needs of AI (among other priorities) - EU, and Germany in particular, are falling for the de-accelerationist… https://t.co/ovB5oISBdh
"America’s bipartisan approach to Internet policy began by recognizing it was a global medium and that, far too often, state and local regulation of communications and media acted to thwart competition and consumer choice." https://t.co/VeTsS4IvvZ @AdamThierer