Comments by "Major Moolah" (@majormoolah5056) on "Hunter Biden's crimes won't impact 2024 election | World In: 60 | GZERO Media" video.
-
I have something to share about the European tech sector, courtesy of Le Monde, June 13, 2023.
"The key figures are well known: European tech is a $3 trillion industry, with an annual growth rate of 27 % since 2015. More than 300 companies valued at over $1 billion have been founded in Europe, from a diverse base of 29 countries...
The flow of emerging high-tech companies is almost equal to that in the United States. Both regions now create the same amount of new start-ups each year. Thirty per cent of all global funding for early-stage companies went to European start-ups, compared with 36% for the US. This gap has halved in five years. What's more, Europe is showing greater dynamism, with a compound annual growth rate of 24% over the last 10 years, compared with 4% in the US. At this rate, Europe will overtake the US in five years' time...
The flow of emerging high-tech companies is almost equal to that in the United States. Both regions now create the same amount of new start-ups each year. Thirty per cent of all global funding for early-stage companies went to European start-ups, compared with 36% for the US. This gap has halved in five years. What's more, Europe is showing greater dynamism, with a compound annual growth rate of 24% over the last 10 years, compared with 4% in the US. At this rate, Europe will overtake the US in five years' time...
Europe has twice as many software developers as the US, and boasts four of the world's top 10 technical universities (compared with three in the US). This provides a solid base for Europe to become a leader in artificial intelligence (AI) and other cutting-edge technologies – 18% of the world's AI research talent is in Europe, compared with 20% in the US..."
So I hope you had the chance to read that. There is a wonderful tech show in Paris called VivaTech. I highly recommend you look it up. The Eurozone crisis caused a Lost Decade in European tech, but during these last five years or so things have changed completely. I could make a separate post about the European defence industry... but if you want one example, EU shipbuilders are now the leading exporters of military vessels by a wide margin. US Navy is also buying European, by way of the Constellation-class frigate.
1