US tech has too much money they burn it on shit. So any potential competitor is bought, you see some UK AI company pops up then Google buys it and 1 year later you read how Google made huge progress in AI. IMO EU needs to first fix the illegal US companies tax tricks, also fix the Apple software tax or apply a similar tax on closed platforms, "the closed platform tax" , this would mean less money for US SV devs to waste on shit ty stuff and more money for EU devs to try do something better.
Why ? Because the US has a lot more money, which translates to more money for investors to dominate the economic landscape.
Why does the US have more money ? Well, if I want to buy an ice cream from the US for a dollar , I first need to sell something to an American for that dollar. US banks can just mint that dollar from thin air
I don't get this argument as the reverse is also true. If the US wants to buy French cheese and wine, it needs Euros to do that and the ECB can just print Euros out of thin air.
(UK here; not quite Europe any more; not my fault or choice)
Because the USA is a large protectionist market that doesn't like EU companies doing business there?
Because USA outspends EU to become dominant?
Because even with the EU wide laws, it's still more expensive to follow every local law compared to USA vs USA states?
Then why are those US tech companies so successful in the EU with no viable local competitors, if nobody wants them?