People here act as if GDPR was some kind of big reason why all the digital tech is from US. But come on it's not like the game hasn't been rigged forever. To be more specific it's been part of the deal with europe being close US ally. None of the european digital tech is ever supposed to be relevant. And in case some european digital tech is relevant it has to be absorbed by US or at least made to look irrelevant so nobody sees or cares about it.

If anything this recent lobby and political pressure to remove GDPR/AI laws is there to help US in time when it needs it. To allow some US big tech software to sweep in exploit what they can and help to keep the line up as much as possible.

But if you really look at digital tech in europe... it's doing fine. Why? Because making software and compute is cheaper every year to a point of nothing. It's hard keep insane growth in that environment. Sure if you make some unique breakthrough (like AGI) then tech keep going again. But what if not? Then you just have to squeeze everyone more including your allies, especially your allies.