It's always the same argument, and it is true. The US retained an edge over the rest of the world through deregulating tech.

My issue with this is that it doesn't look like America's laissez-faire stance on this issues helped Americans much. Internet companies have gotten absolutely humongous and gave rise to a new class of techno-oligarchs that are now funding anti-democracy campaigns.

I feel like getting slightly less performant models is a fair price to pay for increased scrutiny over these powerful private actors.