ASML licenses its fab tech from the US. Regardless, the point is that the EU has zero muscle when it comes to building out consumer-facing software. All it kno

ASML licenses its fab tech from the US. Regardless, the point is that the EU has zero muscle when it comes to building out consumer-facing software. All it knows how to do is regulate. The EU's answer to AI? To nuke its only successful AI startup, Mistral, with the AI Act [1]. They had to gerrymander an exception in for Mistral. The EU pretends to care about consumer privacy and then introduces Article 45, completely destroying web security and privacy [2] more than Meta/Apple/etc ever could. Fundamentally, the EU does not understand what it is doing. It is a broken clock that is right twice a day. All it has demonstrated is the ability to rent-seek and grift from international tech companies, while enacting protectionist laws that conveniently avoid its own (few) companies. Why isn't Spotify targeted by the DMA? Who knows!? You can say "it doesn't matter, follow our laws!" Okay. But don't be surprised when your TLS communications are being MITM'd by the EU and when companies maliciously comply with these ridiculous laws. The EU can only push things so far, and miss out on so many "industrial revolutions", before it becomes an irrelevant/unprofitable market, impossible to build for. [1]: https://twitter.com/arthurmensch/status/1725076260827566562 https://twitter.com/arthurmensch/status/1725076260827566562 [2]: https://www.eff.org/deeplinks/2023/11/article-45-will-roll-back-web-security-12-years https://www.eff.org/deeplinks/2023/11/article-45-will-roll-b...