What the need to change is the attitude that the end goal for every tech startup is to be acquired by a tech giant. The EU need to support their companies through the scale-up phase to keep them independent.
No.
After rapidly falling behind in the global rush to artificial intelligence, Brussels has a fresh chance at an economic success story in the emerging field of quantum technology. But in a new strategy to be released Wednesday, the EU will warn that promising homegrown quantum tech risks being snatched up to make money abroad as the bloc continues to lag in turning research into “real-market opportunities,” To many, it’s déjà vu. Europe is generally best in class in the research that precedes revolutionary technologies, as it was in artificial intelligence. But the U.S. and China leapfrogged the continent in building the companies to deploy mass-market applications.
My feeling is that the EU has often taken a protectionist approach to the challenges from new tech. That is, the EU will pass legislation to protect existing dominant businesses, even if that is not necessarily in the best interests of Joe Public. I’m thinking of how France banned Google from scraping news sites to show in its news summaries, and also how roadblocks were put in the way of Google maps in order to protect the business models of existing satnav companies such as Garmin and TomTom (namely selling “map packs” for download rather than distributing always-up-to-date map data online).
Those attempts to protect the old guard, the status quo, were unsuccessful, and if anything, encouraged EU companies to stick with old and out-dated business models longer than they should have. So has the EU now learnt that it is a mistake to try to hobble new technology just to protect existing institutions? Some institutions don’t deserve to be saved, no matter how big they are, when technology offers better solutions, be they cheaper, more direct (fewer middlemen), and/or more powerful.
The EU has had its fair share of successful tech startups, so hopefully the EU will now be more willing to embrace the “disruptive” side of modern technology. I genuinely hope so.
I don’t need to read the article to know that the answer is a big fat no.
you people see that’s another buzzword? this is set up by a handful of credulous tech journalists to be a new bubble after ai bubble falters. exactly the same way when grifters jumped from crypto to ai (some with metaverse along the way)
I disagree. A viable quantum computer would be a gigantic technological breakthrough of a kind we haven’t seen in a long time.
It would. But right now there’s no guarantee it will ever work. This should be a topic for basic research not for venture capitalist fever dreams.
These things haven’t been able to factor 35 so far, despite decades of development
So we should just stop development on technology if it’s too hard? Maybe stop attempting nuclear fusion as well? That has also been going on for decades.
Yes. Put researchers on it and politicians should stop using those unsure technologies as strawman against current feasible green technologies and climate friendly endeavours.
No, fusion research is just paper thin disguise for thermonuclear weapons research, so this will get funding no matter what. I mean here especially things going on in places like Z-machine, Laser Megajoule, NIF and such but not only these
Some media outlets abuse things that are happening as an reason to push a shitload of content hoping to make money from ads. This adds to words becoming buzzwords, like crypto and AI. I don’t disagree that happens, but there is something real happening too. Whether you personally use and/or like crypto and ai does not change on this having major effects on certain industries. Same goes for a lot of other buzzwords, although the metaverse could well be an example of a buzzword without having anything real beneath it, so far at least. Some might end up not being a big thing (remember the hyperloop), some are world changing (there was a time smartphone was a buzzword).
hyperloop was a fever dream cooked specifically to kill californian high speed rail, so this one worked
ah yes, major effects of crypto: it brought new innovative ways of money laundering, sanctions evasion and ransomware, and chatbots can give you psychosis and/or noninvasive lobotomy
EU is more preoccupied figuring out how to tax newer technologies than on how to developing them.
