What do you mean by "Europe lags behind in technological innovation"? Do you have any data to back that up? US Big Tech is going well thanks to near monopoly on

What do you mean by "Europe lags behind in technological innovation"? Do you have any data to back that up? US Big Tech is going well thanks to near monopoly on online advertising, and as a result can afford spending ridiculous amount of money on anything, but I'm not sure I'd call that technological innovation.