| ▲ | creesch 6 hours ago |
| > Unlike the US, Europe has no California-level VCs. Some would consider that a good thing. There is a lot to be said for VC in recent years not being beneficial for the economy, certainly on an individual level, other than "number go up". |
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| ▲ | stared 6 hours ago | parent | next [-] |
| Sure. At the same time, it made in many cases EU dependent on the US. A lot of governments are basically dependent on MS Office or Google Cloud. With AI, it is even more strategic. |
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| ▲ | layer8 5 hours ago | parent | next [-] | | My impression is that in Europe much fewer people are convinced that AI-maxxing is necessary or even a net benefit. | | |
| ▲ | c7b 5 hours ago | parent | next [-] | | And if you ask a bit more, you'll find that those same people are very likely to daily-drive AI models, desktop and phone operating systems and various other software critical to their professional and personal lives from US companies. And buy tons of Chinese products over Chinese or US e-commerce platforms. What people say matters much less than what they do. | |
| ▲ | WarmWash 3 hours ago | parent | prev [-] | | Much fewer people in Europe are convinced maxxing anything besides work/life/life balance and generous social support are a benefit. All the stuff that doesn't help an economy grow or pay for the future. |
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| ▲ | king_phil 5 hours ago | parent | prev [-] | | Which has nothing to do with VCs, just with sourcing decisions. | | |
| ▲ | stared 5 hours ago | parent | next [-] | | If there were European MicroSoft or Google, there would be a preference. | |
| ▲ | guywithahat 4 hours ago | parent | prev [-] | | Well those companies exist because of VC's, and the nation's business freedom compared to Europe | | |
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| ▲ | guywithahat 4 hours ago | parent | prev | next [-] |
| > There is a lot to be said for VC in recent years not being beneficial for the economy What a wild statement, VC's are behind most of the growth in the US economy, and they directly drive up wages in tech. I'd be fascinated to hear a valid complaint of VC's that isn't just money envy |
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| ▲ | flanked-evergl 2 hours ago | parent | prev [-] |
| Some people consider it a good thing that communists boiled people's hands as torture. Some people consider it a good think that Iran massacred 10,000s of its own citizens. Some would consider it a good thing that Israel killed all Palestinians in Gaza. |
