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European Mindset vs. US Mindset
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- AbnAsia.org
- @steven_n_t
One of the most striking differences here: Unwavering optimism.
Germany to the US.
One of the most striking differences here: Unwavering optimism.
European Mindset: ā This is not possible! (...with 5 reasons why it will never work)
US Mindset: ā How can we make it possible? (...with 5 solution approaches)
Markets reward optimism.
Cultural differences are a huge contributing factor to the lagging innovation:
š Over the last 50 years, NO newly founded EU company surpassed ā¬100 bn market cap.
š All 6 US companies valued >ā¬1 trillion were created in that period.
š 20 largest companies worldwide: Europe: 1 ; US: 16
There are other structural issues, but Europe takes 'problem obsession' to a whole new level:
European Commission: 3 years for the AI Act,
ChatGPT: 2 years for 300M weekly users.
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