Magnificent Seven widen gap over Europe's giants as AI race heats up
www.euronews.com
The US ‘Magnificent Seven’ have pulled far ahead of Europe’s corporate giants, driven by massive AI growth. While US tech surges, Europe’s top firms—mostly in traditional sectors—struggle to keep pace in the new innovation-driven economy.

He pointed to overregulation, fragmentation, and weak productivity as structural weaknesses, and urged European leaders to act on the 2024 report led by former ECB President Mario Draghi, which recommended €800 billion in annual investment to strengthen industrial competitiveness.

  • pirateKaiser@sh.itjust.worksEnglish
    1·
    8 months ago

    Ah yes, overregulation and weak productivity.

    Let’s keep on pushing that narrative. Regulation stands in the way of businesses. Policies promoting a healthy work life balance stand in the way of business growth.

    Truly terrible things… For anyone who doesn’t need to work every day for 40-50 years of their lives. For the vast vast majority these are things that make everyday life bearable.

    Regulation is essential in avoiding a reality where you need to pay for the air you breathe. Weak productivity is a myth in Europe, the real difference with US is in the hours we work. And I fully agree this needs reform. Let’s drop the working week to 4, no, 3 8-hour work days.

    Just let people enjoy their short lives, you fucking greedy assholes.