That's exactly my point. The EU is built for entrenched institutions. There is no entrepreneurial spirit -- and that's why there's N-number of self driving car companies in the US and zero(?) in the EU, for example.
I do agree that the EU has less of an entrepreneurial spirit. Some cultural elements, but also practical: It is difficult to scale an app, since there are such large language and culture barriers between EU member states. There is a decades long brain-drain of highly technical (AI) people. Finally, it is very hard to compete with US companies, as they skirt the rules, winning all network effects with huge VC infusions.
I always suspected some of that was accomplished with military and intelligence support: The American economy and intelligence apparatus stands to benefit a lot with the entire world using Google and Facebook. The other side of this coin is that the pro-privacy anti-surveillance movement may also be supported by foreign intelligence agencies in an attempt to hurt US economic and military interests. https://en.wikipedia.org/wiki/Lernout_%26_Hauspie#History was close to establishing an AI-type Silicon Valley in Belgium in the early 2000's, but was unsuccessful.
All (or most?) of the big European car manufacturers in Europe provide and actively research self-driving technology. Volkswagen's research budget is five times as large (iirc correctly) as Tesla's.
You are succumbing to a lot of stereotypes here, which I might add is fuelled by a cargo cult tendency within Silicon Valley.
You think you're being funny, but it took silicon valley to invent a machine to press juice of proprietary only bags of pre-chopped fruit, so I think you look rather foolish now!
But they're all providing that technology to American firms who are implementing the technology rather than developing it at home. See what I'm driving at?
So they do some research and then let some american companies that can't even imagine why you'd create safety regulations do the practical testing which kills American citizens instead of European ones when the inevitable mistakes happen.
Then they get access to the technology through partnerships. This sounds like a win-win for the EU companies
Whereas the US with its ISP, fossile fuel, pharmaceutical monopolies, it’s GM and Apple, Google, Amazon, Apple, and Facebook, Lockheed, and Boeing is obviously a Randian utopia. Yes indeed, no entrenched institutions in the US!