Earlier quoted context omitted.
>Especially us europeans should not rely on American services at all.It's not worth it. Sure, please let me know how the EU plans to build Office 365, AWS, GitHub competitors of similar scale, quality and success. We have no private investors that would pony up enough money to go against US tech titans and fat chance the EU would ever fund such initiatives and if they would, the money would evaporate over night to co…
The Silicon Valley wasn’t built overnight. The software industry is just taking off in the EU. Mind you, nobody would have thought that the US would loose their leading role in the Middle East, look at them now. I can see the same happening in tech.
As someone else mentioned, capital is way harder to raise (meaning slower to market) - and then an underrated factor which is equally important is how easy or difficult is it to sell as a nascent startup. At least in my industry (cybersecurity) it has been very hard in the EU vs US in the earlier stages of product maturity.
Much like the parent comment, I don't see this changing anytime soon and I'm fully betting on the fact US will keep their dominance in tech.