Keen & Teare on innovation in Europe
2024-10-09 14:42:00 +07:00 by Mark Smith
cat << EOF
Another pretty great tech industry discussion between Andrew Keen and Keith Teare in a recent podcast. Lots of topics covered but this one about innovation in Europe stood out. Here’s a quote [23:33]:
AK: It’s bad news for Europe. They are doubly now in jeopardy. They couldn’t keep up with Google and Apple, they’re certainly not going to be able to keep up with OpenAI.
Keith Tear: Yeah it tells you a little bit why regulation is such a big topic there. They are trying to slow it all down.
Another interesting fact, innovation spend per head per year in venture:
- Europe $55
- Uk $320
- US $500
Worse still, of the $55, 60% comes from government, whereas for US 100% comes from the private sector.