What's the actual content of this stuff?
The form of this article exemplifies a common problem: Money is only part of the equation. What, in practice, is the money going into? What's supposed to come out?
EU shoots for €10B ‘industrial cloud’ to rival US
51–60 of 352 posts
Re: EU shoots for €10B ‘industrial cloud’ to rival US
#52Earlier quoted context omitted.
the app doesn't store location information by design for privacy reasons
if you ask normal people, they will hate this - only some data fanatics want this feature. people die. the economy is suffering. millions lose jobs. still, some guys making 140k in their it engineering jobs working from home and relaxing are telling me sth about "data privacy as priority". i disagree. people disagree. Taiwan did a FANTASTIC job leveraging data. we are either not capable of that or just fanatic.... ma…
The German tech scene struggled for about a month to stop the senseless data hoarding of the centralised digital contact tracing approach that was spearheaded and developed by a bunch of lobbyists. You might disagree with the concept that developed, and is generally accepted in a majority of Europe, but it's certainly not "the people" being against that.
The when and where of individual encounters, especially at low levels of infected population, are pretty irrelevant. At this point you should really be aware of how you can change your behaviour to minimise risk, that really hasn't changed in the past few months.
Re: EU shoots for €10B ‘industrial cloud’ to rival US
#53Earlier quoted context omitted.
Apologies for the stupid question, as I feel like I’m missing something obvious: why is that? Is it the regulatory environment?
Would investors want to risk investing in a anti-tech part of the world who will blame them for everything? The EU is populist in trying to blame tech companies for all of society's ills.
Now this is a claim you'll need to substantiate!
Re: EU shoots for €10B ‘industrial cloud’ to rival US
#54As a european, i still think those kind of measures are trying to cure the symptoms by throwing huge pile of cash, rather that fix the core issue : that the private sector in europe is currently unable to produce GAFA-sized companies in the IT sector. My intuition is that once again the money will be grabbed by existing big companies that proved unable to innovate, but are the best at capturing public fundings. EDIT…
Is this even supposed to produce large companies? With the language used here, it could be anything.
Re: EU shoots for €10B ‘industrial cloud’ to rival US
#55Whenever I think of the EU I can't think of a single tech giant from there, countries that come to mind for me are the US, China, Japan and Taiwan. The only things I know about the EU when it comes to tech is it trying to push massive global regulations around tech. For reference I'm a 23 year old from the US. Nothing I have is made in Europe and I don't deal with any EU companies. Even my bike computer was made by a…
Zalando has some interesting software https://github.com/zalando
Re: EU shoots for €10B ‘industrial cloud’ to rival US
#56Earlier quoted context omitted.
I agree and IMO a project like this would probably work better if the rules stipulated that it can only be used to fund startups. Eg: only companies younger than 3-5 years old, with fewer than 200 employees, and less than 100M in market cap. Such rules could help prevent established players from grabbing all the money.
So existing companies well versed in getting EU funds will make new companies and move some people over. They always have a way around and have enough influence to make sure there is anway around it. EU investments like these always go to the same pockets. It is a broken system but it makes the insiders lots of money. Lots of companies exist for the sole reason to get EU money and have absolutely zero interest in mak…
There must be ways to specify that the companies cannot be subsidiaries, and that creating spinoffs for the purpose of collecting money will result in massive fines (eg. 100x what was collected). From what you're saying, the problem is not the fundamental idea of having the government fund tech companies, its political corruption inevitably preventing a sound execution of said idea.
Re: EU shoots for €10B ‘industrial cloud’ to rival US
#57Ridiculous. You just can't buy innovation. You have to set up the right environment for it
Agree. But this would mean: follow the China approach. - close the market - limits or ban American products. there is no reason why Amazon or Google cannot be copied and made better. 2 main objectives i see there: - protectionism and ban of American stuff speaks against our "transatlanic"""friendship""" and our "common" values meme - we have a terrible fragmented market. chinese have a 1.4bn people population, Americ…
What would stop the US from taking revenge with targeted sanctions?
The EU has caused this for themselves. It is nearly impossible to start a small tech company in the EU, due to the vaugeness of the GDPR (Yes, I know people will claim it helps privacy but people are not willing to pay for online content so it will be unprofitable in the EU).
Not even going into the future plans of the EU to "regelate" tech that make it literally impossible to start the next Google or Youtube.
Re: EU shoots for €10B ‘industrial cloud’ to rival US
#58As a european, i still think those kind of measures are trying to cure the symptoms by throwing huge pile of cash, rather that fix the core issue : that the private sector in europe is currently unable to produce GAFA-sized companies in the IT sector. My intuition is that once again the money will be grabbed by existing big companies that proved unable to innovate, but are the best at capturing public fundings. EDIT…
Europe doesn't need to create these companies. If Europe used this money to create the infrastructure for smaller companies to work together horizontally and vertically to form similar offerings they could end up with something better, at lower cost.
This is a model that worked extremely well in Japan in the latter half of the 20ths century, and was mostly responsible for its economic miracle: https://en.wikipedia.org/wiki/Keiretsu
In the cloud sector this would mean small companies that did everything from running electrical transformers in Berlin to data center management to running blob storage (on S3 protocol) to running machine learning SAASes or elastic compute services. All companies would work together to form a cohesive whole. Each company would own shares in related companies to insulate each other from stock market fluctuations and takeover attempts.
The hard part is building something resembling a cohesive service out of all of this where smaller companies can plug in to the network easily and end customers can use every service they want and still have one bill to pay.
If they can use the 10 billion euros for that - to minimize fragmentation - then the market will take care of the rest.
Of course, it could just be handed over to SAP to build "SAP cloud" as a direct competitor to Amazon. In which case, yeah, we'll get a pile of shit.
Re: EU shoots for €10B ‘industrial cloud’ to rival US
#59Whenever I think of the EU I can't think of a single tech giant from there, countries that come to mind for me are the US, China, Japan and Taiwan. The only things I know about the EU when it comes to tech is it trying to push massive global regulations around tech. For reference I'm a 23 year old from the US. Nothing I have is made in Europe and I don't deal with any EU companies. Even my bike computer was made by a…
From a consumer perspective: Logitech (okay not directly EU), Spotify, AVM (great networking equipment like routers etc.) and to a lesser extend Phillips come to my mind
Re: EU shoots for €10B ‘industrial cloud’ to rival US
#60Earlier quoted context omitted.
the app doesn't store location information by design for privacy reasons
if you ask normal people, they will hate this - only some data fanatics want this feature. people die. the economy is suffering. millions lose jobs. still, some guys making 140k in their it engineering jobs working from home and relaxing are telling me sth about "data privacy as priority". i disagree. people disagree. Taiwan did a FANTASTIC job leveraging data. we are either not capable of that or just fanatic.... ma…
> people die. the economy is suffering. millions lose jobs.
So when the app tells you to quarantine, you quarantine? Or it is important enough to share everyone's location data, but not for people to more radically adjust their behaviour rather than just avoid a particular location?