If you want to do your part as a consumer, boycott all American products:

https://www.goeuropean.org/

Why are these articles finding their way here? In europe , this is not news, never.

Hmmmm

Oxfam said the $2.5 trillion rise in the wealth of billionaires last year would be enough to eradicate extreme poverty 26 times over. Their wealth has risen by more than four-fifths since 2020, while nearly half the world’s population lives in poverty, the group said.

The Trump administration has led a “pro-billionaire agenda,” the group said, through actions such as slashing taxes for the wealthiest, fostering the growth of AI-related stocks that help rich investors get richer, and thwarting efforts to tax giant companies."

AI is killing humanity

A significant part of the Draghi report on European competitiveness is about how the Parliament has been stifling the ability of EU companies to efficiently compete under the weight of more and more complex laws.

It's not very useful being the first to put in place complex regulations if nothing remains to regulate because every company has moved somewhere else.

The current US administration has done more to destroy US soft power on the world stage than any other in the country's history. The administration seems intent on destroying NATO. Personally I'm fine with that because it's a protection racket and a tool of imperialism. But this is going to materially hurt the US defense contractors who profit off of arms sales. That's really the turning point for any fascist regime: when you start screwing up the bag.

US tech companies are also a tool of American foreign policy in pretty much the exact same way the administration accuses China of doing.

So the EU needs to be responsible for its own security. And it's own platforms. But it may be too late for that as the EU itself may well splinter under the rise of far-right governments that are currently in place (eg Hungary) and only one election away from taking place (eg UK, Geermany maybe even France; even though the UK isn't in the EU I'm still counting it as part of Europe).

Unfortunately the EU (and the UK) is too committed to the US imperial project, such as in the Middle East. People don't seem to realize just how connected things like imperialism and the erosion of your own rights at home are inextricably intertwined.

While the goals are usually noble, I’m increasingly convinced we’re regulating ourselves into irrelevance. I’m not a Big Tech company yet my interests align with theirs. We desperately need an EU that prioritizes actual growth over well-intentioned paperwork. To me, the AI Act and the GDPR are the worst offenders here, representing the largest possible gap between "good intentions" and the actual effect they have on the ground.

Consider frontier LLM labs. We have the talent, the Nordic data centers, and access to the GPUs. But why would any investor drop $100B on a frontier LLM lab here when the legislative environment is fundamentally more hostile than the US? It feels like we’ve already watched Mistral and Aleph Alpha get left in the dust.

To give you an idea of the "compliance vs. reality" GDPR gap: I worked on a project processing healthcare data for millions of people. We had a clear, easy-to-find privacy policy and a responsive DPO. Total GDPR requests for info or deletion? Exactly 53. Out of millions. We spent thousands of hours building systems for rights that only 0.001% of our users cared to use.

If you look at the courts, the "damage" being prevented is equally vague. Since EU courts don't really do punitive damages, most awards are tiny unless there’s actual identity theft. Most of what GDPR protects is "mental distress" or "loss of control"-concepts so ambiguous that courts rarely award anything for them unless something else went wrong.

The result of all this "protection"? No FAANG-equivalent, no frontier AI leader, and no homegrown ad-tech. It turns out the most perfectly regulated company is the one that never exists in the first place.