Comment on French President Emmanuel Macron announces €100 billion investments in AI

iii@mander.xyz ⁨2⁩ ⁨months⁩ ago

• Eyekaytee@aussie.zone ⁨2⁩ ⁨months⁩ ago

  I think the saddest thing here is that Europe has no capital markets union where it’s own private companies should be putting this money in

  Europe will always be behind while it’s more difficult to raise funds and do business

  This AI is just the latest thing, who knows what else Europe will soon fall behind in

  source

  • iii@mander.xyz ⁨2⁩ ⁨months⁩ ago

    That, I think, is a symptom not a cause.

    The cause is societal: the EU thinks that innovation should come top down. By giving established corporations subsidies, and a large administration that steers them every step of the way. To make sure they do nothing out of the ordinary.

    That works if you want to improve car crash safety by 5%. But, ofcourse, that doesn’t work for true, novel ideas.

    And it’s not solely a “bad politicians” problem. A majority of Europeans are simply afraid of change, want their 9-to-5 job to look exactly the same for their whole life. The elected reflect their electorate.

    Too bad the world changes regardless of you participating.

    source

    • Canigou@jlai.lu ⁨2⁩ ⁨months⁩ ago

      That is why Europe also has to be on the forefront of wellfair and social protection. There is a lot less risk into innovating if losing your job is less of an issue and if it preserves your ability to spend thus avoiding a hard recession. That’s something EU countries are better at than the US and on which it should capitalise (no pun intended).

      source

      • iii@mander.xyz ⁨2⁩ ⁨months⁩ ago

        That’s something EU countries are better at than the US and on which it should capitalise

        What does that look like?

        source

        • -> View More Comments
    • rottingleaf@lemmy.world ⁨2⁩ ⁨months⁩ ago

      The cause is societal: the EU thinks that innovation should come top down. By giving established corporations subsidies, and a large administration that steers everyone every step of the way. To make sure nobody does anything out of the ordinary.

      The EU doesn’t think. A cell of the organism doesn’t think in organ matters, an organ doesn’t think in cell matters.

      The EU is just built this way, it’s a union of national governments against anything too mobile or evolutionary in their populations. It’s a confederation designed so that there’ll never be a federation of the same countries. Evolutionary mechanisms devour bureaucracies. But bureaucracies can strangle them.

      source