The innovation divide between the US ( 340M residents ) and the entirety of EU (440M residents ) if this graph doesn’t radicalize you , Idk what will
And keep in mind this graph only accounts for publicly traded companies. If you factor in private giants like SpaceX ($350B), OpenAI ($100B) , this graph would be much worse
Not radicalizing as I am not an EU peasant, but it’s hilarious and instructive in why communism does not work
I’m lucky to have the option of being both , and yes I agree from fully first hand immersive experience
Yeah that's a big "reality check" on the relative magnitudes of the two economies.
I guess it also shows some cause for concern on the US side; how many of those biggest "from scratch" companies were founded in the past 10 years? 20?
Could the next Apple or Google actually be built in America today?
Of course they can and they already did , openAI is one , Tesla could launch their tesla phones anytime now and capture a big part of the market , 500B for stargate investement for deep tech and software infrastructure , not supporting but this is the reality
Sure, good point with openAI... Although I still have my doubts as to whether this is a technology that any particular incumbent can effectively monopolize, or whether it winds up being a "commodity" that everyone has.
"Deep tech" is another thing, because anything non-digital is inherently more difficult to copy, and achieve scale... I guess my point is that it seems SpaceX is way further ahead of its competition than openAI is...
Not perfect…EU need to step 🆙
EU needs to step aside. All of Europe's great companies - cars, planes, shipping, etc., started before the EU. They couldn't happen in the EU. All the EU does is punish businesses with burdensome regulations.
If companies didn't have profits as their main incentive, this would not be the case.
The other thing we have to keep in mind is that, at least from what I see, open source projects end up providing the most technological innovation out there, many of which are developed in countries outside of the United States. Just comparing for-profit companies isn't exactly an accurate metric because of this.
Yes, but to be unfair, the EU can still take additional steps to further stifle its own innovation.
💀💀💀🤣
