The question was never do enough computers exist in Europe, but rather can Europe organize the capital and cross-company / cross-border relationships required to build a big model at scale. There the answer still looks iffy at best. This is where the US has, and continues to, thrive and where Europe can’t get out of its own way.
I don't believe Europe can build models that can compete with American ones. 1. In order to build competitive models, you need to offer competitive salaries and equity. Europe has very old and inadequate corporate law virtually everywhere but in UK. European labs cannot attract talent that can build such competitive models with the proper lack of incentives. 2. In order to build competitive models, you need gargantua…
It is a fact that a much smaller amount of money is available in the EU for startup investments.
But in which sense it the corporate law inadequate? As far as I am aware the laws allow quite a lot of freedom in setting up the corporate governance for many forms of companies.