3 ms·
It is literally 100X easier to launch an openai competitor than a spacex competitor. The latter requires massive upfront non-retrievable investment.
by whiplash451 4y ago
It is literally 100X easier to launch an openai competitor than a spacex competitor.
The latter requires massive upfront non-retrievable investment.
- jacquesm 4y ago100X easier is probably true. That still doesn't make it easy in an absolute sense. Check out the founders of openai and see how many of them are from Europe. Then realize that they are in the United States for one reason only: access to money. No EU VC is going to be able to match the kind of funding that is available in the US, and the longer that situation persists the bigger the chance that there will never be a reversal. My grandmother had a nice proverb that roughly translates to 'the devil shits on the larger heap'. It is meant to convey the picture that once there is a large pile of money somewhere that that pile will grow faster than a smaller pile of money simply because having access to large amounts of capital means you can place larger bets and absorb more blows. The EU capital climate is comparatively risk averse simply because there is less money to go around.
- deleted 4y ago[deleted]
- bjornsing 4y agoI think you overemphasize money. Money is part of it, but there’s also a cultural issue. Crab mentality is rampant and encoded in both social norms and legislation/ regulation.