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>The effect is going to be that all the innovation happens elsewhere, big AI companies will develop outside Europe. The EU has rules for aircraft and automobil
by alasdair_ 3y ago
>The effect is going to be that all the innovation happens elsewhere, big AI companies will develop outside Europe.
The EU has rules for aircraft and automobile manufacturing and yet Airbus and Ferrari seem to be able to continue to be world leaders in their fields.
Moreover, there are very few restrictions on many industries in Somalia, yet for some reason it fails to be a hub of innovation.
Regulations don’t immediately mean a flight of intellectual capability to less restrictive places.
- csomar 3y ago> Regulations don’t immediately mean a flight of intellectual capability to less restrictive places. This. Most people forget that the US is still a highly regulated place. And the tech hub (California/Bay Area) is a highly-taxed and highly-bureaucratic area too... It's not deregulation or investment. Innovative economies are like emergent behavior. They spring out of chaos and no one has no understanding so far how that happens.
- konschubert 3y agoI am not arguing for zero regulation. I’m saying you have to consider the price of regulation. Airbus is able to compete in the airliner market because it’s a huge incumbent. Maybe this is the price we have to pay for safe planes. But there is almost zero competition in the airline manufacturing sector because the regulation is keeping out any potential competition.