News for hackers. Stuff that matters.

A comment on EU shoots for €10B ‘industrial cloud’ to rival US. Parent comment

Re:EU shoots for €10B ‘industrial cloud’ to rival US by nemo44x on Sunday October 18, 2020 @09:02AM (#24817574)
It’s cultural. It’s really hard to get investors to invest in things that aren’t a guarantee. Most potential billion dollar companies. Investors in the USA are fine taking risk investing in them. In the EU you don’t find that culture. Could part of it be regulatory in terms of tax write offs? I’m not sure.
[ Parent | on HN ]
Re:EU shoots for €10B ‘industrial cloud’ to rival US by fvdessen on Sunday October 18, 2020 @01:10PM (#24819334)
I don't buy the culture argument after looking at the success of China. I think it's a matter of having a big enough internal market to be able to compete with the American monopolies.
[ Parent | on HN ]
Re:EU shoots for €10B ‘industrial cloud’ to rival US by yibg on Sunday October 18, 2020 @02:06PM (#24819835)
Big internal market might be a part of it. But at least for China, investors do take some crazy bets. I know if many that are pretty head scratching. But in the end, it just takes a few of these crazy bets working out.
[ Parent | on HN ]
Re:EU shoots for €10B ‘industrial cloud’ to rival US by nemo44x on Sunday October 18, 2020 @01:46PM (#24819684)
EU is as large as the USA.
[ Parent | on HN ]
Re:EU shoots for €10B ‘industrial cloud’ to rival US by read_if_gay_ on Sunday October 18, 2020 @01:58PM (#24819772)
It's not one coherent market though.
[ Parent | on HN ]
Re:EU shoots for €10B ‘industrial cloud’ to rival US by nemo44x on Sunday October 18, 2020 @03:25PM (#24820385)
Wasn’t that the main selling point of the EU?
[ Parent | on HN ]
Re:EU shoots for €10B ‘industrial cloud’ to rival US by read_if_gay_ on Sunday October 18, 2020 @03:53PM (#24820573)
It's not to the same degree as the US. There's still different languages and cultures.
[ Parent | on HN ]