Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Europe is in danger of regulating its tech market out of existence

foreignpolicy.com

Post reply on HN
Print view View original

71–80 of 761 posts

Re: Europe is in danger of regulating its tech market out of existence

#71

Post by kranke155 »

Vinnl wrote: post #60
aranelsurion wrote: post #33

Earlier quoted context omitted.

I don't get this article. Title is "Europe Is in Danger of Regulating Its Tech Market Out of Existence". But then the subtitle says "Poorly designed laws are forcing *global firms* to leave." (emphasis mine) Then you see a picture of an Apple Vision Pro. I've only skimmed through the article and there are 11 mentions of Apple and 12 mentions of Meta, then some mentions of X and such. These aren't even "global" firms,…

It seems to hinge on extrapolating from Apple not doing AI in the EU that NVidia might leave the market, harming Mistral.

Why would Nvidia leave the market?

Re: Europe is in danger of regulating its tech market out of existence

#72

Post by kranke155 »

cheptsov wrote: post #34
kredd wrote: post #10

I might be talking out of my depth, as I don’t live in Europe, but I’ve heard the same paraphrased headlines like these since at least 2016. Has status quo been swayed one way or another since then? Theoretically speaking, wouldn’t legislating away the top US players open the market to the local companies a la Naver in SK, WeChat in China or Line in Japan? I understand I’m dumbing it down, but assuming such legislati…

I’m living in Europe, I'm deeply disappointed by the current situation. The problems run much deeper than just regulations; they extend far beyond politics. 1. VCs outright avoid investing in deep tech, with only rare exceptions. 2. Founders overwhelmingly choose to build small, sustainable companies, steering clear of big tech. 3. Employees consistently prefer consulting jobs and value vacation days over equity. 4.…

The real fundamental issue is VCs, which as you pointed out, are far more adventurous in America.

Re: Europe is in danger of regulating its tech market out of existence

#73

Post by cheptsov »

jmclnx wrote: post #19

Because the EU values their citizens privacy tech may leave. Personally I could live with that if that is the result of my privacy being protected.

It's socialism versus capitalism at its finest. The problem is that socialism risks regulating big tech out of existence. Is that an issue? Absolutely. By stifling big tech, Europe becomes heavily dependent on the US, which ultimately hurts our quality of life. As an entrepreneur living in Europe, the best thing you can do is move to the US.

Re: Europe is in danger of regulating its tech market out of existence

#75

Post by multimoon »

I think we can debate regulations being productive or not all day and either side of the camp will never agree, however my biggest personal issue is that the government is removing the choice from anyone involved. As an adult you should be able to chose for yourself - if everyone chose no, then nobody would use these services and the companies wouldn’t do it. I think the effort needs to be focused on awareness and education, not restriction.

If the average user is fine with their data being sold in exchange for a service, then why not let them?

I’m personally not okay with it and I keep my data footprint as low as I can, but I know lots of people who just do not care if they get a service in return, and are fully understanding of what that means.

Re: Europe is in danger of regulating its tech market out of existence

#78

Post by Vinnl »

dnissley wrote: post #16
meiraleal wrote: post #2

Regulating the tech Market is great for local tech só what happens is pretty the opposite. No country will lose GDP if meta or google leave

Tech is very interconnected though, and the article points out an example where what you state is very much not true: "How would Mistral, a leading AI firm, survive if Nvidia exits the French market due to regulatory concerns?"

Would've been good if they had been able to come up with a realistic example that could be problematic, but they have not made the case at all while Nvidia would forego the EU market.

Re: Europe is in danger of regulating its tech market out of existence

#79

Post by Sakos »

multimoon wrote: post #75

I think we can debate regulations being productive or not all day and either side of the camp will never agree, however my biggest personal issue is that the government is removing the choice from anyone involved. As an adult you should be able to chose for yourself - if everyone chose no, then nobody would use these services and the companies wouldn’t do it. I think the effort needs to be focused on awareness and ed…

Companies circumvent real choice all the time. Regulations prevent them from doing so. There's no equivalency here. EU has repeatedly made legislation that does something or anything to counteract the power these tech companies have over the lives of billions. The EU has an interest in serving the needs of EU citizens. Tech companies do not. Tech companies only care about their bottom line, regardless of the human or financial cost to anybody else. There is no option for individuals to do anything about these companies. That's what we need governments for.

The US has largely decided that companies shouldn't be regulated at all (particularly with the recent Supreme Court decisions). This isn't a good thing. It will not benefit the vast majority of US citizens. There is no "choice" citizens can make that will undo the unraveling of government regulations on industry/business, unless it's voting for a political party that one that will reform the Supreme Court and revert their insane decisions, a party that isn't the GOP.

Re: Europe is in danger of regulating its tech market out of existence

#80

Post by Vinnl »

kranke155 wrote: post #71
Vinnl wrote: post #60

Earlier quoted context omitted.

It seems to hinge on extrapolating from Apple not doing AI in the EU that NVidia might leave the market, harming Mistral.

Why would Nvidia leave the market?

Beats me, and the article also doesn't back that up at all, other than that Apple skipped a feature in the EU.
Post reply on HN