Yep, there is a big reason why Europe has so few successful big tech companies, it is a regulatory hellscape. They have so many pointless privacy regulations that only the “big” companies can even hope to compete in many markets like ad tech.
There is a big reason why the USA outside of Silicon Valley and Seattle has so few successful big tech companies: because success begets success and capital breeds more capital. If it was just European regulation you'd expect SV equivalents everywhere except for Europe. That didn't happen.
And the last thing we need is more competition in ad tech.
Given the size and abuses by the existing ad tech giants, why do you say they last thing we need is more competition. wouldn't more competition mean they have less money and get away with less and have to behave better?
Silicon Valley equivalents are brimming up in other parts of the world, Taiwan is very much known for its hardware technology. There are documentaries about Shenzhen becoming a tech hub too. Even here in Bangalore (India), there are many tech companies doing massive amount of good work.
But they're also right in the sense that regulation acts like a barrier in many parts of the world. I had often wondered why did Linus Torvalds and other Engineers travelled to Silicon Valley to found Linux, etc? Did they not find opportunity in Finland or any other nearby European countries?
"We committed to meet all the regulation in each country we're operating in. Our teams are working on it. In the meantime we'll start in our domestic market, because obviously if there has to be a first country to open it would be our origin country, right?"
They could create a separate limited liability legal entity that is a full subsidiary of Google. That subsidiary could license the technology or platform from the parent company and they'd be able to launch worldwide.
Yep, there is a big reason why Europe has so few successful big tech companies, it is a regulatory hellscape. They have so many pointless privacy regulations that only the “big” companies can even hope to compete in many markets like ad tech.
There is a big reason why the USA outside of Silicon Valley and Seattle has so few successful big tech companies: because success begets success and capital breeds more capital. If it was just European regulation you'd expect SV equivalents everywhere except for Europe. That didn't happen.
And the last thing we need is more competition in ad tech.
Given the size and abuses by the existing ad tech giants, why do you say they last thing we need is more competition. wouldn't more competition mean they have less money and get away with less and have to behave better?
2 replies →
Silicon Valley equivalents are brimming up in other parts of the world, Taiwan is very much known for its hardware technology. There are documentaries about Shenzhen becoming a tech hub too. Even here in Bangalore (India), there are many tech companies doing massive amount of good work.
But they're also right in the sense that regulation acts like a barrier in many parts of the world. I had often wondered why did Linus Torvalds and other Engineers travelled to Silicon Valley to found Linux, etc? Did they not find opportunity in Finland or any other nearby European countries?
7 replies →
Seattle, Boston, New York, and Austin have joined the room.
4 replies →
Shouldn't be hard to just say so instead of claiming it's multilingual readiness?
Quite the opposite - it's not only hard it's also unwise.
Admitting that you know that your product may create legal liabilities is not a very smart thing to do.
You can spin it in a different way:
"We committed to meet all the regulation in each country we're operating in. Our teams are working on it. In the meantime we'll start in our domestic market, because obviously if there has to be a first country to open it would be our origin country, right?"
They could create a separate limited liability legal entity that is a full subsidiary of Google. That subsidiary could license the technology or platform from the parent company and they'd be able to launch worldwide.
2 replies →
Did OpenAI ask for permission or forgiveness in that regard?
4 replies →