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by zaptheimpaler
4 days ago
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So far the other countries are doing a lot of talking and big government initiatives but nothing has really changed. All the best talent still moves to the US, all the VCs are still unimaginative losers who want 5 meetings to give you $50K, the industry titans are still sclerotic and unable to distinguish their head from their ass, the culture doesn't support risk-taking or innovation. The biggest boom of the next 10 years is AI and it is firmly HQ'ed and centred in the US, as usual. The EU had a predecessor to the Chips Act in 2013 [1] that went nowhere, then a Chips Act that went nowhere, and now a Chips Act 2.0! It would be great to have more options but it doesn't seem like other regions outside China are capable of doing anything at all. [1] https://www.youtube.com/watch?v=eqoX9OIR-DI |
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