It’s interesting to note the EU is now using regulation to opt out of the benefits of the technology industry as other economies like the United States and China are racing headlong to capitalize on it.
Over the past few years EU regulators have been working tirelessly to find ways to ban targeted online advertising, end to end encryption and now generative AI.
The continent effectively doesn’t have a tech industry and I wonder what the downstream effects of this schism will be in a few years
I’m not saying the regulations or the intent behind them is bad. Just that it’s notable that the EU’s approach to tech these days is primarily how to restrict its use and fine American (and increasingly Chinese) tech companies.
Over time this mindset and approach will lead to a divergence in the trajectories of how global economies use and adapt to technology.
It’s almost like the EU is trying to preserve the past while the US and China are rushing to embrace the future even if it’s scary.
@carnage4life
This is such an American take its almost cringe; during Covid the EU created a digital system allowing anyone to verify a proof of vaccination, while the USA had medics sign *paper cards* that practically speaking were impossible to verify, but of course it is the EU that tries to preserve the past...
