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by dlkf
1053 days ago
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> They’re hugely successful corporations. Saying they’ve “lost” is a tad ridiculous. Let’s quantify it so it’s not ridiculous. Since getting their head start, they have ”lost” about 90% of total market share to American companies who are doing a better job. And this is before the new transfer framework that cane out this month. What is the value prop of OVH without regulatory capture? > Europe is also a hotspot of AI research This is absolutely true. Amsterdam for example produces outstanding ML research. But where do their freshly minted phds go? American companies! > I really do get fed up with how some Americans believe it’s impossible that any other country could be successful. For what it’s worth, I live in northern Europe. As you point out, European universities are great. They are an AI research hotbed and they produce highly capable undergrads. But this clearly isn’t translating into world class tech companies, and we should ask ourselves why. |
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This is a different argument to the one originally pitched though. And you cannot just assume the reason OVH hadn’t exploded like AWS did was due to EU regulation.
> But where do their freshly minted phds go? American companies
Again, I work for a European AI tech firm.
> But this clearly isn’t translating into world class tech companies, and we should ask ourselves why.
I think it is. I just think European tech firms are generally happier to grow organically. I think it’s more a case of different cultures. America is all about growth above all else. Whereas Europe is often more about user experience. European firms are often less aggressive at advertising outside of Europe too (maybe that’s a language barrier?)
I do honestly think the European tech market is healthy. It’s just different to the US market. The problem is the American school of capitalism is all about market dominance whereas European companies seem a little less obsessed with that. But that doesn’t mean Europe isn’t doing some exceedingly good work.
As a European, I value the fact that we have such a vibrant ecosystem.