alt Hacker NewsOver the last 20 years, Europe has become irrelevant.
There is not a single European LLM on the same level as US or Chinese models. France's Mistral reached 400M in revenue, but I believe it could have been more relevant if the EU had not slowed everything down with overregulation.
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We have been overly reliant on non-European partners we could trust and rely on. That is now gone. So right now is a good opportunity for Europe to focus inward. Imagine having all the social benefits AND tech. We also need to make sure keep malignant actors like the USA & Russia at bay. One can dream.
I am old enough to remember variations of this conversation from 20 years ago. If you scratch, you always find ideology underneath: an antipathy for regulation that puts people before money and for sharing the cost of social safety nets. I like living in Europe. It's not perfect (what is), but it's pretty good. Living my life well vs. worrying about my country not buying enough GPUs to keep the markets excited? Choices, choices...
I’ve raised money here and there. Never really had issues with the EU regulations.
But the lack of risk capital and investor brainpower has been a huge problem.
That assumes LLMs are relevant and will be around a year from now. Let’s not forget NFTs.
Your comment is also blind to the absurd amount of research and projects which are born here but later move to look for funding.
So the EU is not irrelevant, on the contrary, we’re just mourning the fall of the US and transitioning to an independent future. Who would’ve though, we’d end up needing to build a copy of everything…
Yes, Europe is not as relevant in the unhealthy toy business as the US, which is a good thing.
Why does Europe need to dump hundreds of billions of dollars into developing a chatbot that will never be able to pay off its debts? Mistral seems like a much more practical and sustainable approach to LLM development than centering the entire economy around a pyramid scheme predicated on selling the belief that AGI is always three months away.
China's LLM development relative to resources spent is impressive, but it also happened to be predicated on Chinese miners buying into the previous pyramid scheme and having a lot of GPUs on hand already. I don't think the lack of European commitment to the previous pyramid scheme putting it a bit behind in that regard indicates any kind of grand regional failure, so much as an event of pure circumstance that probably has little lasting meaning 5 or 10 years from now.