this new wave of AI companies is is growing revenue like just like actual customer revenue, actual demand translated through to dollars showing up in bank accounts at like an absolutely unprecedented takeoff rate. We're seeing companies grow much faster. I'm very skeptical that the form and shape of the products that people are using today is what they're going to be using in 5 or 10 years.I think things are going to get much more sophisticated from here. And so I think we probably have a long way to go. Th ...

Core Viewpoint - The GDPR, once hailed as a "gold standard," is now criticized for stifling innovation in the European internet industry, which is lagging behind the US and China [1][2] Group 1: Impact of GDPR on Innovation - GDPR's strict regulations create significant challenges for the European internet sector, particularly in data acquisition for AI development, which relies on vast amounts of data [2][3] - Research indicates a notable decline in venture capital flowing into the EU tech sector post-GDPR implementation, affecting both the number and total amount of transactions, especially for startups [2][3] Group 2: Operational Challenges for Companies - Post-GDPR, European users' website traffic and online revenue have decreased, with compliance costs disproportionately impacting small and medium enterprises compared to tech giants [3] - GDPR has inadvertently created a "moat" for established companies like Google and Meta, making it harder for new competitors to enter the market [3] Group 3: Structural Issues in the European Tech Industry - The European market is fragmented due to multiple languages, cultures, and legal systems, complicating the establishment of a unified market for startups [4] - European capital markets are shallow, relying more on bank loans than venture capital, which limits funding for startups in critical growth stages [4][5] - Cultural attitudes in Europe are more conservative towards failure, which discourages entrepreneurial risk-taking compared to the US [5] - Europe struggles to attract and retain high-tech talent, with many skilled individuals moving to the US for better opportunities [5]