The biggest problem with public money funded endeavours is corruption. At the end of the day most of the people would be there for the pay check and even if nothing is delivered after burning billions of euros, nobody would be held accountable.

That’s why I think it’s not going to be successful with public funding. What EU needs is structural unpopular reforms. Reduce taxes so companies and top talent would have an incentive to choose EU over US. Reform employment laws so people can be fired for being pencil pushers and lacking off. Relax privacy and copyright laws so the data can be used to train the model. Completely repel all laws that create a bureaucratic nightmare for startups. Today all these suggestions would be a complete no go in any European country, but that’s the hard reform EU needs like yesterday even to have a chance to compete against US and China.

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impossiblefork an hour ago | parent [-]

Yes, of course people would be working there for the paycheck.

I think there's nothing special about public funding though. The field is so competitive that people will be mad if a competitive model is not achieved, making corruption more damaging to the organizations. There would also be some internal competition. There are after all several EU LLM/AI/etc. firms that would probably try to use this infrastructure.

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sajithdilshan 35 minutes ago | parent | next [-]

By paycheck I meant that they get the money through corruption. Like fake bills, bloated estimates and huge commissions, but in the surface it all looks legal and they get away stealing millions of euros of public money of hardworking tax payers.

I guarantee you that maybe people would get mad that no competitive model is achieved because the politicians burned the tax payers money. But there would be no repercussions, nobody would be held accountable and would just be marked as a failed project.

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tough an hour ago | parent | prev [-]

I think the bigger issue of public funding and corruption, is that usually these contracts are awarded to "friends" with the purpose of 100% mismanaging and stealing as much of the funds.

	▲	impossiblefork 28 minutes ago \| parent [-]
		Well, some risk must be taken, even the risk of such things. Some sort of alternative must be created, after all, since models are being restricted to the US only.