It cant. The EU regulated itself out of contention. Trying to play catch up in this era is fool's play. Things are moving too fast.
The largest tech companies in the world are either in the US or China. What is the largest one in the EU? I dont know. Is it SAP?
We saw the EU screw itself on this end. Speed is the key and that isnt the EU's forte.
Is there no chance for the regulators to catch up? I mean otherwise we have resources in both manpower and capital.
No. The system is designed and built upon regulation. Everything is stifled there. There is no culture for success ala a Silicon Valley where innovation reigns.
It is the woe if a communist system. When the government is heavily involved, which the EU (as are national governments), it is curtains on innovation. It is really that simple.
China, has the CCP but they are innovation (along with stealing tech). Of course, that could change too since they are throwing the likes of Jack Ma in jail.
However, you only need to look at the Chinese automakers compared to the European (mostly German) to see how the latter is getting its ass kicked.
Will be interesting to see if Europes only startegy will be to be allied with the US.
For me, I hope we can start catching up. We need to start innovate again.
Well the US is dividing. The European thinking is penetrating certain aspect of the US mindset. However, this is not the case with people like Elon and those companies that left California.
I think we are going to see more innovation in the US shifting around.
Is a country like El Salvador to small to ever be able to compete? Otherwise they seem to be open to new ideas.
The question is how the technological capabilities of the country. The fact they adopt Bitcoin is not really an example of technological excellence.
I dont think El Salvador is very advanced technologically.
Not me either. But with opening up fot $BTC they have made them a attractive place for $BTC people which are often very technically talented.
Any company with any sense let California long ago. I'm not going to be long behind. Just have to find someone to buy my house at the right price!
Some have left. There are still advantages to being in California especially in the tech sector. However, as technology progresses, it makes people less important.
I find the question about Southern California with Hollywood collapsing. This is something that is going to have a major impact upon the state.
No matter who the next president is, first priority must be to unite the nation again.
One problem is that the best way to do it is to start a war. We against them...
Do you see any place picking up the torch and try to invite innovation? Argentine?
It isnt going to happen. Neither side is going to accept defeat at this point.
We are quickly looking at a situation where you live in the United States is going to become important.
The future of technology, to a great degree, we are going to see happening in a decentralized manner. There is a lot of major stuff that will still come from Big Tech. We have the model with Web 3.0.
It's basically going to turn into the Empire and the Rebellion, lol. At least I am in the woods with a semi decent amount of bullets, lol.
So you expect to be riots and stuff no matter who wins? Even if one party might win big?
Is a country like India or Japan also out of the game?
Most likely. Japan is falling behind. India has the same issue...it cant get it out of its own way.
The system is not set up to incentivize innovation. Instead it stifles it.
Yeah and sometimes its just easier to push something when its a dictator running the place.
How is Russia doing on the AI front?
Not even in the game as far as I can tell. Russia is a military force not so much a technological one.
So they arent really a player on the global technology stage.