In traditional European fashion the EU is again likely to crush any emerging European AI venture with overburdening regulation while companies in the US flouris

In traditional European fashion the EU is again likely to crush any emerging European AI venture with overburdening regulation while companies in the US flourish. For decades now the American approach of wait and see has proven superior (with few exceptions for sectors like pharmaceuticals). When the government waits with regulation until more clarity has been established to what the actual business models are going to be like then you give companies a chance to establish themselves versus the old ones. The European approach just scares new companies off and they'll try out their new ventures in different jurisdictions.