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

foreignpolicy.com

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

#371

Europe is a place to take social benefits; there is no tech, no innovation. It's better to sit on the couch and watch Netflix than start a business. There is too much risk, too many taxes, and too many regulations.

> no innovation So all innovation requires you to capture user's data for profit via advertisement or data brokerage?

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

#372
post #291

Earlier quoted context omitted.

Specifically with AI I don’t want to experience the downside of innovation before we regulate because of how wide spread its use already is, and it’s problems have already become apparent. For example, it’s being used to job screen applicants even though we have proven that AI models still suffer from thing like racial bias. Companies don’t disclose how their models are trained to negate bias or anything like that ei…

there maybe better examples of why AI biases provide deep systemic problems but: CV screening? are contemporary LLM really worse that previous screening tech and processes?

It's almost guaranteed there are people trying to sell an AI version of Robodebt right now to the Australian government, even though the last (non-AI) version of it was an absolute cluster fuck:

https://en.wikipedia.org/wiki/Robodebt_scheme

Other governments around the world have done similar (non-AI) things in the past with similar terrible results. They'll likely try an AI version of things too in the near future, just because "AI" apparently solves all the problems. Ugh.

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

#373

Earlier quoted context omitted.

Except EU doesn’t have big tech.

How important “big tech” though? Honestly ? It’s even an insidious sounding name.

How important is technological industry? Pretty damn important I'd say if you're interested in economic growth and hence supporting your social safety net.

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

#374

I'm curious on why European people allow such heavy regulation. They really think that the Europe can enjoy their prosperity with little innovation for years to come?

I agree -- these comments are bizarre to me. Technology is the single biggest predictor of QoL in human history.

You can only miss out on so many Industrial Revolutions before you begin to lose power (economic, military, financial, social) and fade into irrelevancy. That will certainly hurt QoL more than any short-term gain from preventing Memoji AI from existing in your region, or strangling your next AI startup in the cradle.

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

#375
post #209

Earlier quoted context omitted.

Except EU doesn’t have big tech.

Anything that gets close gets bought or killed by non-european giants. Tencent buys basically all game companies, microsoft buys basically all communication companies (skype, nokia come to mind), google buys basically everything. Even ARM is owned by Softbank after starting out in the UK. The Automotive industry and ASML are just about the only things resistant to this because they're so large already; Automotive act…

There is an issue with that perspective though. The Europeans sell out. Ok. Maybe they are bad at valuation and don't realise that their companies are worth more than they are being paid for. Or maybe an EU company can't capture as much value as a US/Chinese company. And those are really the only two options - either the decision is rational or irrational. If it is an irrational decision then there isn't much to talk about. But it is probably the second case - selling out to someone on a different continent generates value. And there is a good chance that is because it helps avoid EU regulators.

For example, you mentioned Nokia. Nokia was blown out of the market by superior Chinese manufacturing and US design [0]. It wasn't a close battle, the EU contender was crushed. Apple's motivation for entering the market was that among other things that companies like Nokia were so bad at making phones that Apple reckoned it could break in to a new vertical. That is a very EU-led-industry problem to have. The reason they sold out was because the EU turned out to be incapable of incubating a modern, successful phone manufacturer in the 21st century even with an incredible lead and Nokia was being outmanoeuvred everywhere.

[0] Both looked like regulatory issues to me, we've seen how the EU responds to things like micromanaging the iPhone charging port.

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

#376
Europe is correct.Taking initiative on the moonlighting of hyper cheating of common citizens by big tech firms.It is investing all conceptual strength on wayward money making by the four tech "giants" at the cost if people.They act as sentinels and gatekeeoers to prevent cheats from secret money making.

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

#377

Earlier quoted context omitted.

Specifically with AI I don’t want to experience the downside of innovation before we regulate because of how wide spread its use already is, and it’s problems have already become apparent. For example, it’s being used to job screen applicants even though we have proven that AI models still suffer from thing like racial bias. Companies don’t disclose how their models are trained to negate bias or anything like that ei…

I would argue that we already have experienced enough of the downsides of "AI" that there is reasonable cause for concern. The implications of deepfakes and similar frauds alone are potentially devastating to informed political debate in democracies, safe and effective dissemination of public health information in emergencies, and plenty of other realistic and important trust scenarios. The implications of LLMs are p…

The issue is, the regulations are tailored to address any of those concerns, some of which may not even be solvable through regulation at all:

> The implications of deepfakes and similar frauds alone are potentially devastating to informed political debate in democracies, safe and effective dissemination of public health information in emergencies, and plenty of other realistic and important trust scenarios.

The horse is out of the barn on this one. You can't stop this by regulating anything because the models necessary to do it have already been released, would continue to be released from other countries, and one of the primary purveyors of this sort of thing will be adversarial nation states, who obviously aren't going to comply with any laws you pass.

> The implications of LLMs are potentially wonderful in terms of providing better access to information for everyone but we already know that they are also capable of making serious mistakes or even generating complete nonsense that a non-expert user might not recognise as such.

Which is why AI summaries are largely a gimmick and people are figuring that out.

> they could very rapidly shift the balance from compensating those who produce useful creative content to compensating those who run the summary service.

This already happened quite some time ago with search engines. People want the answer, not a paywall, so the search engine gives them an unpaywalled site with the answer (and gets an ad impression from it) and the paywalled sites lose to the ad-supported ones. But then the operations that can't survive on ad impressions lose out, and even the ad-supported ones doing original research lose out because you can't copyright facts so anyone paying to do original reporting will see their stories covered by every other outlet that doesn't. Then the most popular news sites become scummy lowest-common-denominator partisan hacks beholden to advertisers with spam-laden websites to match.

Fixing this would require something along the lines of the old model NPR used to use, i.e. "free" yet listener-supported reporting, but they stopped doing that and became a partisan outlet supported by advertising. The closest contemporary thing seems to be the Substacks where most of the stories are free to read but you're encouraged to subscribe and the subscriptions are enough to sustain the content creation.

The AI thing doesn't change this much if at all. A cheap AI summary isn't going to displace original content any more than a cheap rephrasing by a competing outlet does already.

> Next we get to computer vision and its applications in fields like self-driving vehicles. Again we've already seen plenty of examples where cars have been tricked into stopping suddenly or otherwise misbehaving when for example someone projected a fake road sign onto the road in front of them.

But where does the regulation come in here? When it does that it's obviously a bug and the manufacturers already have the incentive to want to fix it because their customers won't like it. And there are already laws specifying what happens when a carmaker sells a car that doesn't behave right.

> Again there is a second serious concern with systems like computer vision, audio classification, and natural language processing and that is privacy.

Which is really almost nothing to do with AI and the main solutions to it are giving people alternatives to the existing systems that invade their privacy. Indeed, the hard problem there is replacing existing "free" systems with something that doesn't put more costs on people, when the existing systems are "free" specifically because of that privacy invasion.

If a government wants to do something about this, fund the development of real free software that replaces the proprietary services hoovering up everyone's data.

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

#378
post #365

Earlier quoted context omitted.

> EU didn't go into an uncontrolled spree investing every company that had .com in its name and ruined thousands of lives and wasted billions of dollars. This is the thing that so many Americans in tech don't seem to understand. VC Twitter is full of smugposting about how the US has "$5 trillion market-cap of startups" and the EU doesn't. And what they miss is that the EU doesn't want Silicon Valley. It doesn't want…

AAPL's profit is roughly equivalent to the GDP of Slovakia.

That's great for apple shareholders and citizens of Ireland indirectly benefitting from the miniscule amount of tax Apple pays here!

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

#379

Didn't US lose most of its production capability for the same reason? US protected its workers' rights, but there are other places with cheap labor treating the workers like shit, so businesses are using factories in other places, which then build massive expertise at production. This is similar. EU is trying to protect the rights of its citizens for good, but there are also places like US where rights are less prote…

> EU is trying to protect the rights of its citizens for good

Western Europe is not the entire EU.

Czechia, Romania, Bulgaria, Hungary, Poland, and the rest of Eastern Europe give plenty of leeway to businesses who bring FDI in.

The Czech government indirectly pushed a former employer of mine to force employees back into the office from remote work by threatening to withhold tax credits they used to establish a tech/outsourcing center in Praha.

Plenty of similar stories in Romania, Bulgaria, Poland, Hungary, Slovakia, etc.

Oh, and the SEZs and Law Firms that the investment agencies made us use were always very closely connected to the incumbent poltical parties (and either indirectly or directly owned by them)

You can take Eastern Europe out of the Warsaw Pact, but you can't take the Warsaw Pact out of Easrern Europe's political and business establishment

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

#380
post #148

Earlier quoted context omitted.

> Now, large tech companies haven't wholesale killed people Teen suicides are a thing. It isn’t lung cancer, sure, but it also isn’t nothing.

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social networks are not modern technology
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