this post was submitted on 08 Mar 2024
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I think Europe can't compete with the US tech firms because of many reasons so that is why they are doing it.
It certainly helps that there isn't big money lobbying against this, so I don't think you deserve these downvotes.
But this is very much an expression of the neoliberal ideology that the EU has in its DNA. The opposition to monopolies is one positive aspect.
There is big money lobbying against this, and the AI act, and every other EU regulation.
US firms care if they can make money in the EU and actively lobby to change legislation.