It depends on how you define success; the EU has certainly managed to achieve a great deal of standardization and compliance, at the cost of rate of progress and business model innovation. You might think this is a worthwhile trade off, but people differ in their priorities.
The OpenAI grift, the Facebook & Google stalking advertising, the Uber “independent contractors”, and the Amazon two-for of workers pissing in bottles and squeezing your suppliers so prices rise everywhere.
SAP, NXP, ASML, Hexagon, Infineon... These are all companies guaranteed to be touching hardware or software, they you use today, and will use tomorrow.