Part 7/8:
Despite these challenges, Europe is not hopeless. Regulatory measures like the European Chips Act, aimed at bolstering semiconductor production, and the Digital Markets Act, targeting major tech platforms, show a recognition of the importance of tech in today's economy. Europe aims to set global norms in technology regulation rather than merely competing with the likes of Silicon Valley.
Moreover, innovative ecosystems are emerging in certain regions, such as Estonia’s digitized government services and France's growing startup sector, emphasizing that despite slow progress, there are glimmers of hope.