Comment Re:EU will not Deregulate To Accomplish This (Score 5, Informative) 25
The EU has already massively regulated software environment through GDPR, DSA, CRA, the AI Act, and more.
Literally all companies currently operating in the EU, including US tech giants are required to comply with these too. There is this fantasy that regulation alone prevents alternative players in the EU when in reality the "persecution" of US tech companies (as the US government would tell the story) is nothing more than actually demonstrating there's a level playing field.
EU companies face so many hurdles around compliance that's its basically impossible to create a startup without backing by billionaires
The EU has literally countless software companies including startups. One of the major players in AI is French. Heck the *original* AI company (now owned by Google) was UK based - back when they were under the full EU regulations. The problem isn't startups, the problem is getting US companies to fuck off and stop destroying competition through acquisition (e.g. Kyndryl is the world's largest data services provider with double digit billions in the bank. Why don't they build their own datacentre in the Netherlands instead of attempting to purchase Solvinity?)
many of whom have publicly stated they would never start a software company in the EU for these reasons
Yes billionaires prefer to invest is regulatory markets that allow the fucking over of the population and the development of wholesale monopolies. My friend, you can keep your billionaires. Don't want them.