• maynarkh@feddit.nl
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    11 months ago

    I don’t know about the AI act. If it turns out anything like the DMA, it’s probably a good thing. The EU seems to have got a sense for creating regulation that curtails Big Tech while still enabling small actors.

    • General_Effort@lemmy.world
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      11 months ago

      Not really. All these start-ups are in the US for a reason and it’s not just immigration.

      The EU would like to do what you say. The AI act contains exceptions for open source and SMEs but that just shields them from being completely wiped out. On balance, they’d still be better off without it.

      • maynarkh@feddit.nl
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        11 months ago

        All these start-ups are in the US for a reason and it’s not just immigration.

        It’s in the US because VC firms are in the US, and VC firms are in the US because the US has an economy that produces billionaires, and that is mostly based on the USD being the reserve currency of the world, which is mostly based on the post-WWII world order.

        The US was actually more innovative when it was more regulated. The biggest innovations in the US came from the public sector. Deregulation is not conductive to innovation.