Why is Brussels seemingly so hellbent on making sure that EU-Inc can’t compete with the US?
Europe has talent. Europe has ideas. Europe doesn’t have a thriving AI sector that can scale without uprooting to the US. And the European Commission seems intent on making sure that this isn’t about to change any time soon.
Is that an alarmist, anti-EU message to warm the hearts of nationalists everywhere? Maybe it can be mis-interpreted that way, but in fact it’s a thesis that underpins a lot of the tech sector concern that the AI age will repeat the errors of the past and watch as potential sectoral leadership drifts away to the US in order to become a significant factor on a global stage.
Europe certainly doesn’t make things easy for young companies. Despite the emphasis placed by proponents of the European Union (EU) as a Single Market, appearances can be deceptive.
Eileen O’Mara is Vice-Chair of fintech Stripe, a firm with two Irish founders and a...
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