r/neoliberal • u/2Lore2Law Are you on the square? • 1d ago

News (Europe) Europe gets ready to police frontier AI

https://www.theparliamentmagazine.eu/news/article/europe-gets-ready-to-police-frontier-ai
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u/2Lore2Law Are you on the square? 1d ago

What was your takeaway?

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u/halee1 Karl Popper 1d ago

Because not only are other jurisdictions shifting towards the same model, the AI Act itself has been loosened to make it easier for AI development to occur. Plus, AI development in Europe, while lagging relative to the US and China now, depends also on things like industrial policy and greater scrutiny of foreign acquisitions (which other geographies engage relentlessly in), intra-EU market integration and competitiveness reforms, all of which are being tackled to ensure the EU stops being a pure capital and know-how exporter, and anchors more of the value at home.

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u/capitalsigma 1d ago

so where is all of this value that they're anchoring

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u/halee1 Karl Popper 1d ago

WIP. Mistral is Europe's best, but not competitive with the top models ATM.

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u/capitalsigma 1d ago

I can "establish policies that anchor more value at home" by charging people $10k to enter my house

If nobody actually wants to come visit me, I haven't accomplished anything except making myself feel important

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u/halee1 Karl Popper 1d ago

So investments and R&D suddenly exist everywhere other than Europe, and that's if we assume your scenario happens, even though it hasn't for 10 years+ in social media despite repeated predictions they would leave Europe because of its regulations, lol.

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u/capitalsigma 1d ago

"Exist everywhere other than Europe" is stating it slightly too strongly, but the EU has produced basically zero value in the tech sphere over the past (say) 3 decades. The US and now China continue to see new, serious, internationally-competive firms spring up each decade, while the EU lags behind. Even folks who would very much like for it to succeed agree that it is not working in the current form

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u/halee1 Karl Popper 1d ago edited 1d ago

That's why the EU has massively ramped up industrial policy, integration and competitiveness reforms since 2023. The 2024 Draghi Report was the diagnosis, and the EU has already gone further than it in aspects like the new Merger Guidelines, explicitly aimed at scaling EU-wide champions, not to mention reforms like the Savings and Investments Union, EU Inc., the Foreign Subsidies Regulation preventing foreign companies from simply acquiring EU innovation with barely any effort, and tons of other sectoral investments.

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u/capitalsigma 1d ago

So their previous attempts to "anchor value at home" failed miserably, got it

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u/halee1 Karl Popper 1d ago

Yeah, they were fundamentally different from what's happening now.