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> Unlike the US, Europe has no California-level VCs. Some would consider that a good thing. There is a lot to be said for VC in recent years not being benefici
by creesch 3mo ago
> Unlike the US, Europe has no California-level VCs.
Some would consider that a good thing. There is a lot to be said for VC in recent years not being beneficial for the economy, certainly on an individual level, other than "number go up".
- stared 3mo agoSure. At the same time, it made in many cases EU dependent on the US. A lot of governments are basically dependent on MS Office or Google Cloud. With AI, it is even more strategic.
- king_phil 3mo agoWhich has nothing to do with VCs, just with sourcing decisions.
- stared 3mo agoIf there were European MicroSoft or Google, there would be a preference.
- guywithahat 3mo agoWell those companies exist because of VC's, and the nation's business freedom compared to Europe
- deleted 3mo ago[deleted]
- layer8 3mo agoMy impression is that in Europe much fewer people are convinced that AI-maxxing is necessary or even a net benefit.
- c7b 3mo agoAnd if you ask a bit more, you'll find that those same people are very likely to daily-drive AI models, desktop and phone operating systems and various other software critical to their professional and personal lives from US companies. And buy tons of Chinese products over Chinese or US e-commerce platforms. What people say matters much less than what they do.
- WarmWash 3mo agoMuch fewer people in Europe are convinced maxxing anything besides work/life/life balance and generous social support are a benefit. All the stuff that doesn't help an economy grow or pay for the future.
- holistio 3mo agoI have rather deep concerns about our future with AI. Yet, I'm still sending hundreds of dollars to US companies providing it. I'd much rather send it to EU companies.
- jeroenhd 3mo agoAmericans are also far less into AI than a startup forum like HN will make you believe. In real life, there are a few AI maniacs that make their entire identity about how they use AI, but it's hardly the sensation that the internet will make you believe. I don't believe there is any difference between the USA and Europe, although the lack of employee protection does mean that it's a lot easier for Americans to lose their jobs when their managers get lured in by AI companies. After all, the entire AI bubble is all about VCs and startups hyping each other up until profits magically appear.
- guywithahat 3mo ago> There is a lot to be said for VC in recent years not being beneficial for the economy What a wild statement, VC's are behind most of the growth in the US economy, and they directly drive up wages in tech. I'd be fascinated to hear a valid complaint of VC's that isn't just money envy
- creesch 3mo agoEconomic growth doesn't mean much if the benefits are concentrated in a small percentage of the population. And while I can't disagree it has benefited tech wages historically that is just one industry. Then there are also the recent mass layoffs.
- flanked-evergl 3mo ago[flagged]
- creesch 3mo agoLol, okay bud. Lets go all in on the extreme hyperboles.
- flanked-evergl 3mo agoI mean if morality is just personal preference why do we even allude to it at all?
- creesch 3mo agoIs that what I said in your mind? I honestly had to chuckle at the extreme hyperboles you decided to use. Surely having a less favorable view of hyper capitalist economics is on the same level as torture and genocide. Yup, that is a totally reasonable and measured response that just exemplifies acting in good faith. Anyway, thanks for genuine chuckle your response got out of me.
- deleted 3mo ago[deleted]
- flanked-evergl 3mo ago[flagged]
- creesch 3mo agoYou reply is what we in the game call "moving the goal post".
- flanked-evergl 3mo ago[flagged]