Despite new laws in the field of digitalization, the existing European legislation is totally inadequate to counterbalance the Big Tech wave from Silicon Valley. This is argued by philosopher of law Bart van der Sloot. If we take the influence in the field of politics and human and privacy rights truly seriously, a ban on American tech in Europe is crucial, according to this scholar. In addition, we must work to create a European Big Tech industry. Will such a ban succeed and what will it take to set up a European counterpart of Silicon Valley?
That can happen, but I don’t think that’s the point. a) big companies could invest in expensive research like nobody else (aside from state research) b) these hubs are often about having the right companies and universities in one place, which results in employees and graduates spinning out their own innovative start ups, because the region has all the knowhow and manufacturing they need c) most big companies don’t do very risky innovation, instead they buy successful startups to build upon them, but that can still be innovative if they buy them early on and finance further research
That can happen, but I don’t think that’s the point. a) big companies could invest in expensive research like nobody else (aside from state research) b) these hubs are often about having the right companies and universities in one place, which results in employees and graduates spinning out their own innovative start ups, because the region has all the knowhow and manufacturing they need c) most big companies don’t do very risky innovation, instead they buy successful startups to build upon them, but that can still be innovative if they buy them early on and finance further research