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Is there any chance that all of these EU regulations will, at some point, cause tech innovators to flee Europe and tech companies to avoid Europe rather than de
by mikece 3y ago
Is there any chance that all of these EU regulations will, at some point, cause tech innovators to flee Europe and tech companies to avoid Europe rather than deal with all of the government meddling?
- ronsor 3y agoThey already do.
- kypro 3y agoTech innovators for sure. Companies for the most part will just offer difficult products in the EU.
- bitwize 3y agoThey shouldn't let the door hit them in the ass on their way out.
- hyfgfh 3y agoNo, no innovation in vaporware.
- account-5 3y agoTech companies fall over themselves to comply with China's regulations because: money. The EU is a big market so cynically I feel they will just comply for the same reasons.
- ronsor 3y agoExcept most of them don't? Only a few big tech companies that are not Chinese operate in China due to the regulations, among other issues.
- ajsnigrutin 3y agoBut the chinese companies do everything that outside companies do, and the money stays in china... for china, this is a good thing.
- lupire 3y agoThe mass net migration out of China suggests otherwise. Chinese people apparently prefer USA to China.
- ajsnigrutin 3y agoEvery young, capabl and healthy person prefers the country with most money earned and less taxes taken away. Paying for eg. universal healthcare or taxpayer-paid education (college) is just a burden and not worth it for those people at that time. This does not mean that chinese regulation (eg. local protectionism) is bad for most of the chinese people.
- laxd 3y agoIs there any chance that the lack of US regulations will, at some point, cause the general populations to flee the US rather than deal with tech companies monitoring and controlling every aspect of your life?
- endisneigh 3y agoNope.
- Pungsnigel 3y agoNope. These type of regulations looks good, but it's not fun or easy to do business in an overly regulated marked. If this continues, the US will improving financially faster than the EU. People are not likely to move to a worse economy because they value regulations like this.
- xur17 3y ago> These type of regulations looks good, but it's not fun or easy to do business in an overly regulated marked. This. Each regulation by itself sounds like something reasonable / potentially good, but trying to run a business in an environment like this is excessively complicated, and ends up being only something huge businesses are willing to put up with.
- troupo 3y agoAh yes, the bad-bad regulations of "do not spy on people", "don't collect and sell people's data wholesale" and "don't use undocumented blackboxes in surveillance". Won't someone think of the financial improvement!
- blitzar 3y agoHow are you meant to "innovate" if you can't harvest your customers data and sell it to the highest bidder?
- jorvi 3y agoYup. These type of regulations looks bad, but it's not fun or easy to live in an overly deregulated market. If this continues, the US will deteriorate in happiness faster than the EU. People are not likely to move to a worse society because they value regulations like this.
- tomjen3 3y agoThat will depend on how easy it is to get visas to countries with more desirable regulations. As for the other point, I still don't think Anthropic is available in the EU. Bard wasn't available at launch either.
- TheLoafOfBread 3y agoNot really. Where do they want to sell their expensive toys and tools? * EU is 450 million of potential customers. * USA + Canada is market of 400 million of potential customers * Japan + Korea is market of 200 million of potential customers * China does not count, because they will rip off your product and you can do nil against that. Rest of the world is just too poor to afford the product.
- warkdarrior 3y agoYou forgot India, with a growing middle class probably larger than US or EU.
- TheLoafOfBread 3y ago1) Maybe in the future, not today. 2) India like EU loves its regulations and compared to EU it is bureaucratic hellscape running on bribes.