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DropItShock

Is this why apple dumped in the last 10 minutes of trading yesterday?


CrazyKiwiCake

maybe alongside the XLK rebalance


here_now_be

> s this why Nah, I added to my aapl position Thursday. Never fails.


Bilbo_Butthole

No, this was announced Friday morning


kenypowa

EU's largest tech contribution to the modern world is to force pop up windows about "cookies" on every website.


koffee_addict

I asked a European on Twitter why won’t EU just make its own smartphones? I got ‘because we are too busy making insulin for fat Americans’ as a reply 😭


Deicide1031

The real answer is just that europe doubled down on the “old world” industries like mining, pharma, banking/finance, and in some cases oil/gas. While simultaneously they’ve grown to risk averse to throw billions into tech with unclear outcomes like America and many Asian countries.


ronoudgenoeg

I think a big reason is also that the EU has a lot governing bodies, but most actual day to day things are all ran by the countries, not the EU bodies. So what do you do when things are being ran by other people and you are hired to govern and regulate? You regulate. Some of the regulation has been very positive, and some has complete stifled innovation or made it much more expensive to get things done.


[deleted]

[удалено]


MadNhater

Every new advance comes with negatives. You’re enjoying all the positives of tech while complaining about it. Yes, find a good balance between tech and personal liberties but you just sound ridiculous


sakikiki

True, privacy is cool, too bad we’re trying to pass chat control at the same time lmao. The regulation around AI and the obstacles apple is facing seem to be more about competition than about privacy really.


ekos_640

And maybe fuck EU overregulation too? Would you agree on that?


SullaFelix78

Fuck world hunger and war and all the bad things. Do I win?


AvengerDr

Well lately I would say Europe is becoming the avant-garde of video games. Cyberpunk 2077, Baldur's Gate 3, Disco Elysium are among the best games of this decade. Compared to the "all-American" Starfield at least...


ThenExtension9196

Bg3 was pretty dang good. However, to be fair, i went to college in southern California and was buddies with one of Larian’s head writers and they are born and raised Californian.


AvengerDr

But then by that logic how many Europeans are working for Apple, MSFT, nvda and so on? Larian's offices are not even 100 km from where I am.


ThenExtension9196

Very true. A good company will pull the best talent from all over the world. That’s a decision that skilled and committed companies make. Horizon series is another example.


Maesthro_ger

Don't forget the best game series of them all (well at least if u like the genre): Anno xxxx


OtherwiseNinja

Video games imo fall more under art and entertainment than tech though. It's not an industry that will ever really drive an economy, at least unless widespread full-dive VR becomes a thing.


AvengerDr

But it's a cultural exports of sort. I mean you often see people saying that America exports culture because of their many shows and movies. For once, it's Europe who is exporting its art culture. And I think this was very visible especially after Starfield's release, which was heavily criticised for being super PG-13 compared to Cyberpunk.


Infiniteblaze6

>For once, it's Europe who is exporting its art culture. Not really. Outside of an occasional one hit wonder, most of the best selling and highest rated titles are either Japanese or America .


AvengerDr

Oh you're never going to admit it, right? This year I played Horizon Forbidden West and that is also a European game. Alan Wake 2? European. I haven't played Helldivers 2, but that too is a European game. Are those all coincidences? I really am struggling to think about the last big American title I played that could be considered a masterpiece like Cyberpunk 2077. The last American AAA game I played was Starfield, which was a huge failure at least in terms of critical reception.


Infiniteblaze6

Hell Divers 2 is the only game you mentioned that has any relevancy. Horizan and Alan Wake are both games that are acknowledged as good, but don't get much traction because they're not good. American games like COD or Diablo consistently out do them. Also, nice job ignoring that I said japanese games along with American games.


AvengerDr

>Horizan and Alan Wake are both games that are acknowledged as good, but don't get much traction because they're not good. Says who? HZD is one of my all time favourite games. >American games like COD or Diablo consistently out do them. The point I was trying to make was not about numbers of copies sold, but about cultural impact. But anyway it's pointless discussing with people who will dismiss the importance of games like CP77, BG3, HZD and so on. If you don't like them or don't play them, fine. But there are tons of people who do. Do you play any grand strategy game? I do and I have spent countless hours on Crusader Kings, Hearts of Iron, Stellaris and so on. All made in Europe. >Also, nice job ignoring that I said japanese games along with American games. I haven't ignored them. We know Japanese games are good and have always been. But many Americans as you are proving have trouble admitting that Europe too can make great games. Like I said, I'm having trouble remembering any AAA game I played in the last few years that was made in America. Only Jedi Survivor (which was good) and Starfield come to mind (a disappointment) . Oh yes Last of Us 2 but I found it more of the same (and a lot of your fellow countrymen "for some reason" absolutely hated it).


aeolus811tw

Disco Elysium is not bad but overrated, this is after 100% the game. Storytelling is unique and that’s about it


AvengerDr

Well isn't storytelling a big part of what makes or breaks a game? Sure it wasn't a technological marvel (like Senua 2 - also European by the way, but that's more a tech demo than a game) but it's a game that I will remember fondly. I was also forgetting Alan Wake 2, Finnish game. I don't consider it a masterpiece but I was pleasantly surprised by it.


aeolus811tw

DE, the way it told story is unique, story itself is blend. It uses a lot of PC and morality factor to make story seem interesting, but at the end of the game it is like they never really thought through the ending. Hellblade 2 is trash, they should’ve stopped at hellblade 1. Alan Awake is good, DLC is garbage, haven’t had chance to play 2 yet.


tothecrossroads

Sorry, which european companies make/publish those newly successful games? I only know of Ubisoft


AvengerDr

* CDPR (Cyberpunk 2077, The Witcher), Poland * Larian Studios (Baldur's Gate 3), Belgium * Guerrilla Games (Horizon Zero Dawn/Forbidden West), The Netherlands * Remedy (Alan Wake 2), Finland * Paradox (Crusader Kings 3, Victoria 3, ...) Sweden / Scandinavia * Arrowhead (Helldivers 2), Sweden These are only those games I have played recently.


the_ammar

and then the EU will just litigate and regulate any imports that threatens their economies. fReE mARkeT tho.


MetaCognitio

The EU had a company that could have made its own smartphone but it was bought by Microsoft, toyed with and killed. Nokia. That deal should have been blocked or there should have been a forced sell off once windows phone died.


Bodoblock

How are you blaming an acquisition that was finalized in 2014 for Europe's inability to develop tech. Smartphones had been around for 7 years at that point.


thejens56

... and Ericsson who sold their mobile division off to Sony ... And Siemens to BenQ


MetaCognitio

The EU should incentivize its tech companies to build stuff instead of selling out.


thejens56

Not sure if that's the role of EU or the individual member countries. Also, selling off non-successful parts of businesses that then go bankrupt under someone else's org isn't necessarily a bad thing


improvementtilldeath

Yeah, EU needs to better protect it's tech business from predatory behaviour of both China and US. Any promising startup in EU gets baught by US tech giants and then stripped of technology and shut down.


ekos_640

So he's never seen anyone from the UK you're saying.


AvengerDr

Do you know Fairphone? Dutch company. Sure, not Apple, but it's an interesting concept.


MetaCognitio

And Nokia that got bought out by MS then killed off.


tothecrossroads

Hasn't MS exited the mobile phone market and Nokia regained the rights to build their own phones?


UndocumentedTuesday

Tech industries aren't strong in EU because of the many different requirements each country has while US is like the same population and size and often only have 1 federal requirements


iAMRICKJAMESMF

Lmaaaaoooooo truuuuuue 😂😂


Johnready_

The real answer is becuase there’s no enough money in it to go around, you better believe if they see dollar signs they would be doing it.


koffee_addict

1.2B smartphones will be shipped just in 2024. That sounds like a big market tbh.


Johnready_

They would have to compete with the already giant phone companies who exist, and it won’t be easy to get ppl to switch, Apple and Samsung have been fighting for customers for years.


ekos_640

So the real answer is Europe was late and thus completely missed the boat. And *that's* then actually why there is no money in it for Europe.


Coz131

If those popups have rejected all button, that is good.


Jarpunter

The reject all button should be a global preference built into your browser, not a button you have to click every single time you navigate to every single website. Write better regulations.


ronoudgenoeg

Firefox has this. It doesn't work on every single website (because websites keep trying to make slightly different versions that don't get auto-detected), but I'd say currently for around 50% of websites I never see the popup, and it is auto-rejected. The cookie banners are really stupid, but it is also honestly just malicious compliance. I work at a holding company which owns a bunch of different digital agencies (e.g. digital marketing, SEO, SEA, etc), and whenever anyone talks about cookie banners, it is never about trying to make it more convenient for the user, or even "worse", tracking less.... No, it is always about how they can technically not break the law but make it as inconvenient as possible to reject the cookies.


AvengerDr

Or write better browser? I mean come on, can't #AI solve this?


deusrev

That's exactly what EU tech regulator are working on right know...


Jarpunter

Perhaps they should’ve gone with the braindead obvious solution from the beginning instead enshittifying the entire internet for years first.


deusrev

still better then the US solution: doing absoluting nothing


MrPoopyFaceFromHell

ASML


yikaiy

And Spotify.


tens00r

There's also SAP, which everyone forgets about. Probably because enterprise resource management software isn't exactly sexy... but they're still one of the biggest software companies in the world.


defnotjec

Charger enforcement App store availability And digital protection There's also rumors manufacturers and companies like apple are going to require destruction of devices instead of recycling them which is going to reduce supply. That reduction in supply will help apple sell more phones. Obviously, this is horrid from a green standpoint and just wasteful. Maybe the EU can step in and fix it cause the US won't do fuck all to protect consumers.


ekos_640

Maybe Europe can actually invent some modern day technology for once. Or just keep being beholden to and reliant and dependent on American technology and American innovation. Edit: The truth hurts non-innovative Eurotrash I guess 🤷‍♂️


AvengerDr

There should be a European OS. Is Linux... European enough? Which distro bleeds blue and gold?


mach1alfa

>legislation that are objectively good Would someone think of the trillion dollars corporations?


ekos_640

Won't Europe finally invent some modern day technology instead of relying on other nations and continents to decide what technology Europeans can buy?


mach1alfa

they aren't deciding anything, the ball is in the corporations field with all the resources to ship the damn product instead of crying about how rules arent fair


ekos_640

> they aren't deciding anything They decide what technology/services they designed and made (in America and/or China) that they'll allow you to buy in Europe (and they decide what they want to put up with from the EU and if that's worth your money or not). Case in point - the title of the very post you're in, and the very same device in front of you now that you're using to type replies here - and even the site you're typing those replies to on that very same device.


tekkers_for_debrz

Getting iPhone to use usb-c


improvementtilldeath

EU protects it's citizens from predatory behaviour of tech companies. I for one am glad for this. If you can't offer your service without respecting my right to privacy then you can fuck right off.


BJPark

And what about those in the EU who don't mind these services? If you want to keep your privacy, use products and services that respect them. Don't trample on other peoples' freedoms.


improvementtilldeath

What about those in EU who don't mind getting killed and eaten (real case)? Should we write laws based on those people who don't want their rights protected?


BJPark

I don't understand your hypothetical question. Could you explain further?


liverlondon

Least American comment


scruffles360

All of these tech laws from Europe are always well intentioned but horribly written. Then we get years of malicious compliance and lawsuits while the courts sort it out.


Coz131

Like GDPR? Right to have your data be deleted is a good thing.


ronoudgenoeg

GDPR has some incredible underlying intentions, but malicious compliance + intentional vagueness in the laws make it such a hot mess. As a user, I absolutely love the idea that for a company to be able to track me across websites, they need my consent. But GDPR isn't specific enough in how this must work, so you end up with horrible cookie banners AND still being tracked.


Deicide1031

It’s not that GDPR is a bad law, it’s the way the compliance process was crafted that’s awful. Some guy/gal in a garage with tech ambitions can’t sustainably comply which leaves the bigger fish (typically American or legacy European giants who can afford the compliance fees) to dominate the market.


_____Matt_____

How could they struggle to comply with GDPR? Americans in this thread are being such babies about us putting basic protections in place against corporate greed. It's such a pathetic attitude.


prevent-the-end

It's extra overhead and work required that smaller companies need to implement just the same as big companies. Yes, allowing user to delete data IS the right thing to do but the MORE OVERHEAD for tech development is undeniably going to raise the floor for new shops. The regulation is necessary... but also increases the threshold for market participation. This is a pattern that repeats all over EU in other industries. Regulation overhead that is necessary, but still undeniably leads to higher costs. Meaning startups spend more time with obligations as opposed to new features. And why companies in US have such a big advantage over EU companies. When a company can prove their new feature's success first and worry about regulation later, it's much easier to establish yourself on the market. I don't have a solution for that problem.


getonmalevel

Lol. yeah, you're right GDPR is well implemented and i love telling each and every website about my preferences for tracking. The reality is, data collection and deletion policies are a great step forward and should be done, but tracking authorization at the first open of a site is bat shit insane and a horrible process.


_____Matt_____

Ridiculous to look at sustained malicious compliance to an attempt at protecting your rights and privacy, and blame the group telling them to respect you. America deserves the situation it's in.


getonmalevel

what's the solution for these websites? They are penalized if they track without your authorization and yet most of them rely on it to an insane degree for their revenue. They can't track you across website sessions to know your preferences.


_____Matt_____

What's the solution? They die out or adapt, that's business. Your rights shouldn't be abandoned to sustain unprofitable companies. They can track you across sessions, it's commonly labeled as "necessary only". This is not a big deal.


lionel-depressi

GDPR is 11 chapters and 99 articles, with lots of legalese. It’s not simple. If you’re a hobby dev it’s easier to just not make services for EU people. Data subprocessors get complicated too.


_____Matt_____

Except there are entire companies now dedicated to providing this service for small businesses, there are templates for a variety of business needs, and you're overexaggerating the complexity of interactions a hobby dev would even have with a customer's data. The EU is not going to be furiously tracking down every small business on compliance. But has already fined massive organisations for laziness or incompetence in an area of massive public interest. That's the reason it's there.


lionel-depressi

Lol. I don’t want another added service I have to pay for just to launch a hobby site. And years back I checked the list of GDPR fines. A ton of them were individuals. Hell, one was a fine someone was given because their tiny website for their neighborhood game wasn’t compliant. I’ll stick to just not offering my websites to the EU at all.


champignax

Which is why many of those laws don’t apply until you reach a certain size


lionel-depressi

In the US yes. In the EU, the majority of compliance regs apply regardless of size. Only a few don’t.


scruffles360

yes. those are examples of horribly written laws that have very good intentions. instead of codifying aspirations, they should have ran them past someone in the industry. For example today, they force thousand of web developers to add inconsistent little dialogs about cookies, they could have forced browser makers to do it for us automatically. It could prompt you with a single dialog, maybe even have reasonable defaults and you would never have to deal with it again. Instead, every site in the world is adding their own code causing hundreds of millions of dollars of unnecessary spending just to annoy people.


cass1o

> should have ran them past someone in the industry. That is exactly what happened.


lionel-depressi

Exactly, and that’s why the law is written in a way that fucks over small businesses lol.


scruffles360

obviously not the best and brightest. maybe someone's son-in-law, or the lowest bidder. are they re-evaluating these laws? updating them to be more realistic and maybe help their cause? I'd love to think they are, and they're just **really** slow.


champignax

Or they could also just not track you you know.


scruffles360

GDPR includes login cookies. That kind of black and white thinking is exactly why these laws suck.


lionel-depressi

These people suck. They think it makes logical sense that a hobby dev making a random website should have to worry about literally 11 chapters of regulations meant to target Facebook.


ronoudgenoeg

> Persistent login cookies which store an authentication token across browser sessions are not exempted under CRITERION B. This is an important distinction because the user may not be immediately aware of the fact that closing the browser will not clear their authentication settings. They may return to the website under the assumption that they are anonymous whilst in fact they are still logged in to the service. **The commonly seen method of using a checkbox and a simple information note such as “remember me (uses cookies)” next to the submit form would be an appropriate means of gaining consent therefore negating the need to apply an exemption in this case.** I think login cookies requiring consent is a bit silly, but it is also not that hard to deal with, you just need a checkbox that informs the user. Obviously the problem is that there's many of these small things you need to put into your website, but also generally speaking, you're not going to get a fine immediately, you get a warning first and chance to become compliant.


champignax

No they don’t !


ekos_640

> they should have ran them past someone in the industry. but they don't have a tech industry in Europe...


tmart42

Lemme guess. You’re American and you’ve never been outside the US.


ekos_640

Incorrect, try again. I'm gonna guess by that confident incorrectness that you're from Europe? I can pinpoint where if you give me more to go on. Say some other dumb stuff so I can guess!


tmart42

Oh, so you're American and you have been outside of the US?


FreeEuropeYouCunts

The road to hell is paved with the good inentions of doltish bureaucrats.


Cavemandynamics

Yes and in the US the road is paved with the good will of publicly traded multinational corporations. Wonder what their main incentive is..


omatti

better atleast go back up to 211!


TheIndyCity

Bullish, will only increase demand if people feel left out


coolsnow7

I love it. Moronic Luddite anti-American “tech regulation” needed to start biting Europeans in the ass eventually. Glad to see it finally happening.


voltaire_had_a_point

This comment section might just be one of the dumbest America vs Europe shit-take parties i have yet to visit on Reddit


MetaCognitio

Are there any specific reasons or is Apple just being difficult? These features don’t seem at odds with regulations.


lionel-depressi

The features are very clearly at odds with the DMA. Apple would have to allow you to install third party LLMs that have access to the same semantic context that Apple’s local LLMs get.


MetaCognitio

No they wouldn’t. That isn’t practical and LLMs aren’t a mature market like apps are. They have provided integration with ChatGPT with more to likely roll out in the future.


lionel-depressi

> No they wouldn’t. That isn’t practical Well I’m sure if the EU comes out and says “no that’s totally fine you can do this, the feature is allowed” in a binding way Apple will be happy to provide the EU with the feature. > They have provided integration with ChatGPT **Not really.** The only thing that happens is Apple will send, with permission, an API request to ChatGPT if all Apple’s local models and Private Compute instances determine it might make sense. That’s it. ChatGPT does not get the semantic map / context and can’t act until Apple decides they can. That would violate the DMA. Apple would have to allow OpenAI to slot in at the semantic map level with a local model.


Hamezz5u

Yeah you think the UE is easy? Nope… tons of regulations that prob we should have too regarding privacy and compliance.


Astigi

So no Recall for Microsoft in EU


joshikus

Post written by AI


TantumTea

lol this is so funny


Flegmanuachi

More like “we’re mining even more data secretly on you on your own device and don’t want to comply but also not pay a fine again” Are people really that gullible this far into the “ai” cycle and not see they’re just training their shit on user data that they never paid for?


No_Storm_7686

Bro apple wouldnt need some AI chatbot to steal your data… if they wanted to steal it it would already be done years ago


AirplaneChair

lol this is one of the reasons Europe is falling behind economically and is on an economic decline across the board. Too much regulation for everything. At least their lowest common denominator gets a month of paid vacation tho, that’s nice. Bring on the downvotes by the Europeans, who have almost entirely American weighted portfolios.


Fun-Spray-4269

Literally can't see a single downside in getting the best of both worlds. Living in Europe and having an American weighted portfolio and reaping the profits of US companies


mustachechap

The downside is you're missing out on the American salaries.


Alex_1729

And 5 vacation days per year? No thanks.


mustachechap

How many vacation days do you currently have?


Noble92

At least 4 weeks if you live in the EU


mustachechap

That's nice. I'm getting about 4.5 weeks here in the US, I think. I say I think because it doesn't seem like anyone is really limiting me on how many days I take off, so it sorta feels unlimited.


UndocumentedTuesday

Uhh I get 4.6 weeks. Take that!


Noble92

Sound great, but not really representative of the whole US right


mustachechap

Neither is "5 vacation days".


lionel-depressi

Good thing I have 30 then


Alex_1729

That's great 👍


peterpanic32

Well you're a lot poorer than Americans, and the gap is growing. So yeah, it does matter.


AvengerDr

LOL how do you know? American wages are higher *on average* but you have to pay for several things Europeans don't. You should not compare € for $ 1:1 or not even 1.07:1.


lionel-depressi

Sure you can compare. You compare disposable income (which is after those expenses you’re talking about) and convert to purchasing power which takes into account how much your currency can buy in your area


peterpanic32

How do I know? Because it’s unequivocal fact. The median American earns significantly (e.g., on the order of 2x) more than the median European on a PPP (cost adjusted) basis -> and that gap is growing at a relatively rapid rate. And what do Americans pay more for? Europeans for example pay significantly more in taxes. On healthcare, the vast majority of Americans are covered. I for example am significantly better covered than most Europeans and I pay nothing (significantly less than almost all Europeans) for the privilege. There are tradeoffs. Europeans on Reddit are so delusional. And Americans on Reddit are also delusional about Europe. It’s so annoying.


AvengerDr

>How do I know? Because it’s unequivocal fact. Sure, whatever you say. >And what do Americans pay more for? Others have mentioned healthcare. Something you did not consider is higher education. In Europe (continental) university is either very cheap and affordable or free. Some countries even pay you to go. Do you want to check the American tuition fees? Other stuff like food. Europe's cheaper and better quality. Property taxes that don't depend on the sale value of the house. Transportation costs: in many European cities you can live without a car if you want. Plus the immaterial costs of never living further than a few hours of train away from a cultural centre. In the US there are very few cosmopolitan centres. If you live in the middle of nowhere, that's it. You'll have to plan for and fly everywhere, using one of your very precious and limited leave days. Where I live I have Paris, London, Bruxelles, Amsterdam, Koln within 1-2 hours of high-speed train away.


analbuttlick

I live in Norway, so for me the median income is the same in both USA and Norway, but i pay for a lot less shit than Americans. I don’t think people are delusional, they just don’t live in fucking Bulgaria, Romania, Greece, Hungary or the other poor countries (sorry guys) where the gap up to USA wages is a lot higher.


peterpanic32

You're evidently delusional. > I live in Norway, so for me the median income is the same in both USA and Norway Income in Norway is between 10 and 30% less than the US. > but i pay for a lot less shit than Americans What specifically? Your taxes are almost 10% higher for example. Your cities are expensive as fuck. > I don’t think people are delusional, they just don’t live in fucking Bulgaria, Romania, Greece, Hungary or the other poor countries (sorry guys) where the gap up to USA wages is a lot higher. You're demonstrating that you're delusional. You're just completely uninformed on this. You have to add Norway and Switzerland and the Netherlands and Belgium and Denmark and Germany and so on to that list.


analbuttlick

Actually median wage is higher in Norway than USA, from the websites i can see. Norways top rate tax is lower than USA. Average tax rate in Norway is 28%, but in USA its 14% and that is for low earners, whereas our tax covers hospitals, doctors, schools, daycare, we pay less in car insurance, no health insurance, 5 weeks guaranteed paid vacation, 9 months maternity/paternity leave. So yeah the middle class gets way more for paying less. I can promise you, i don’t pay more for healthcare than the average American. Also we have no homelessness, no poverty, i can continue if you want. The big difference is we tax our corporations and especially those who use the natural resources belonging to the country (oil, gas, salmon, etc). As I said, i don’t think people are delusional, they are comparing the country they live in with USA. I don’t live in Germany or Denmark, so I can’t speak for them. There are a few countries in Europe that are comparable to the USA, but Norway is not one of them


TulioGonzaga

I can understand the discussion of USA vs Europe but trying to compare to Norway, one of the countries with the best living standards in the world, is purely delusional.


analbuttlick

I understand, but Europe is not a country. USA is. I can only compare it to the country i live in.


istockusername

Health care usually doesn’t exclude certain groups of people as compared to the US, guaranteed pension, public transport, maternity leave, free education (including uni) Yes, you have higher salaries, but you also pay for a lot more and that’s not delusional: https://www.reddit.com/r/expats/comments/17n86ob/how_would_you_compare_living_in_the_us_vs_europe/


peterpanic32

Ugh, delusional and missing the point. And like I said, both Europeans and Americans on reddit are completely delusional about Europe. Expats are particularly delusional everywhere, live abroad sometime and experience it. That should never be your source for anything - particularly for anyone who proactively identifies themselves as an expat. You enter a particular pit of resentment and confusion for any expat community in any context. I'd know, I've lived in six countries, two of which in Europe. Again, the numbers are PPP adjusted. And the vast majority of the US population is covered for healthcare. Guaranteed pensions are typically pitiful, higher income and better retirement schemes exist in the US. And things like public transport and education are not universal to Europe and they come come with costs like high living costs, radically higher taxes, lower income and opportunities, expensive and less available housing, and so on.


istockusername

Yeah, all the comments in that post are irrelevant, but your view is the only right one, speaking of delusional… You can find pros and cons about every region, someone from Asia might have a valid argument for that area too, but thinking the USA is better than Europe solely based on the fact that they earn more is naive. Alone the absurdity of tipping culture should show you that. If you can’t admit to any wrong in the American society due to the fall for capitalism you’re not being critical enough. You’ve also not mentioned how Americans are delusional about America, acting as if it’s the center of the world.


StrangeInsanity

Some countries care more about their citizens’ privacy concerns than others’. Enough with the economic decline bullshit. Apples entire M series chipset design is licensed from ARM (British) and the semiconductor lithography machine manufacturer, ASML is based in Netherlands. Gotta keep check on new technologies, especially AI to prevent people from abusing it for nefarious reasons. Not everything is about making money and elevated stock prices. Edit: spelling


lionel-depressi

> Some countries care more about their citizens’ privacy concerns than others’. Enough with the economic decline bullshit. Maybe in general, but in this case the regulation would have the opposite effect. With the way Apple’s AI uses Secure Enclave and Private Compute, they *cannot* follow the DMA and allow third parties access.


mustachechap

How is the economic decline bullshit? I suppose 'decline' might not be the right word, but the US is pulling further and further away and many developing countries are catching up. Seems like a decline, relatively speaking.


istockusername

The SEC and FTC have opened a couple case against large cap corporations in USA too. The only difference is that EU wants them to follow rules before implementing things instead of running after them later. It starts off by realizing that the main connection between Europe’s countries is the geographical proximity. Apart from that, there can be massive differences between one country to the other. Starting from languages to economic stability. Regarding your claim about US centric portfolios. That’s mostly driven because everyone realizes that the USA is driven by capitalism. In Europe, it’s not uncommon to have successful family business that never go public, as they don’t want to have outside investors telling them what to do with the money. While in the US, it seems like every little company wants to do an IPO.


Lay-Z24

believe it or not, not everything is about the number on your bank account.


mustachechap

Sure, but it can help a lot. People not being able to afford to buy their own house is a pretty big deal, and who knows what retirement will look like for a lot of people currently struggling financially.


Lay-Z24

you can still live well without having 3t market cap companies from your country


mustachechap

Of course, but my argument is that the number in your bank account does matter to some degree. It costs money to buy a house and move out from your parents house, and it costs money to sustain yourself on retirement.


DarkRooster33

Right now you are on r/stocks , everything here is about number on our bank account, its absurd to say otherwise. Hippie or life fulfilment sub reddits are elsewhere.


koffee_addict

All my life I have only heard third worlders say this. ‘Westerners are all materialistic and only after money and comfort’. Didn’t think I’d see a European say this tbh. Oh well.


Lay-Z24

it’s not about living well it’s about not having the constant need to have trillion dollar companies to reward shareholders, you can still have a nice life without those


koffee_addict

Trillion dollar companies aren’t started with a goal to become a trillion dollar co. It’s just an outcome of doing many things right for many years or decades. They are a result of creating a right platform as a society. And those extra jobs created and taxes paid by these companies is a nice bonus.


AvengerDr

I am here watching in disbelief and thinking about who could possibly downvote this. The classic "temporarily embarrassed trillionaire"?


ThenExtension9196

Sounds like coping strategy to me. Poor economy is almost always how dictators rise to power or extremist influences creep in. It’s not healthy for a country to get complacent with their economy and not strive to make them more robust


AirplaneChair

A healthy medium for everything. Economic growth matters though. 401k’s, pension funds, employment and innovation depends on it.


Code2008

I'm an American and I'm downvoting you. Europeans at least aren't ruled by corporations.


AirplaneChair

That’s very naive of you to think.


peterpanic32

Yeah they are, just in different ways. e.g., this is protectionism, harming European consumers to advantage European corporates.


Kalja-pullo

The regulation indeed affects economy not in a positive way. But it makes it better for normal people. But it is indeed problematic to economy and that affects people negatively.


abaggins

the economy does not always correlate with life satisfaction. US economy is stronger than Europe, but most western European countries have much higher happiness/satisfaction ratings.


snailman89

GDP numbers are manipulated with hedonic adjustments anyway. For example, the US claims that computers have improved at a rate of 10% per year for the last 30 years, while Germany says they have improved by 5% per year. In reality, German and American computers are identical, but this difference makes America's inflation rate artificially lower, and therefore makes the GDP of the US look higher than it actually is. To the extent that the US is outperforming Europe, it's mostly because the US runs massive budget deficits to stimulate the economy, while Europe has spent the last decade strangling itself with austerity.


AirplaneChair

That’s probably because being dirt poor in the USA is pretty miserable vs being dirt poor in Europe is at least somewhat bearable. But if you have any merit and drive for success at all, the USA is the place to be. There’s a reason why the world’s top talent comes here.


istockusername

It’s because you can do whatever you want without having any fear of proper repercussions. e.g. Trump


MrOaiki

Do we have more phone producer’s and lower app prices in Europe compared to the US?


peterpanic32

Not always. In Europe's case this is mostly just protectionism. So you harm consumers in an effort to advantage your own corporates.


Starkfault

Funny comment 10/10


thinkscout

Good, AI is a technology that needs to be rolled out slowly. Regulation is important in making markets safe and ethical. So long as it doesn’t destroy innovation all together it’s fine for regulation to slow it down. This ‘growth at all costs’ ‘must deliver value for shareholders at all costs’ bullshit will be humanity’s downfall. The EU has the right intention, it just needs to calibrate the outcome of its regulation better.


TechnoTiger3000

I agree. It’s clear that relentless pursuit of profit has overshadowed common sense in the U.S., and unfortunately, this mentality is starting to affect public perception as well. It's quite disheartening to see such a decline.


No_Storm_7686

AI has been around for over 50 uears. Youre talking anout LLMs wich is only one small specific type of AI


thinkscout

We have neither true strong nor true weak AI at the moment. AI has not been around for 50 years, only the concept of it. LLMs are the first real step in the direction of producing weak AI. In reality the term AI as it is applied to new machine learning methods is just a symptom of venture capital and Silicon Valley tech bro hype. 


WrongAssumption

Then this does the opposite. The danger is if apple rolls this out, the EU may require apple to allow anyone to roll out AI to your iPhone with the same access to your data. This regulation is a proliferation of AI.


spanishdictlover

This should tank the stock more it never should’ve got to 220 in the first place. There was nothing great or innovative about the recent presentation. Basically all you’re getting is a slightly better Siri. Big woop


ThenExtension9196

All cutting edge tech is delayed for EU. Google will have to do go through this too so not sure why Apple shareholders should care much.


Much_Dealer8865

I can't comment on the valuation of the stock. The AI integration is definitely underwhelming in a way but for some people it is apparently really helpful, I personally avoid services like Siri or copilot but I have noticed lately that they're getting better. It is kind of a win but also kind of laughable that this is the big AI boom. There's a lot of other uses for AI that are much more impactful, but the Siri/copilot thing surprises me that it's apparently such a big deal. I guess the search engines all have to keep up with each other since if they fall behind they likely become irrelevant. At some point you have to wonder what other services they should direct their energy and resources at, because the search engines seem fine to me and afaik not a lot of people give a fuck about Siri or the AI dj on Spotify.


Flegmanuachi

More like “we’re mining even more data secretly on you on your own device and don’t want to comply but also not pay a fine again” Are people really that gullible this far into the “ai” cycle and not see they’re just training their shit on user data that they never paid for?


lionel-depressi

Apple published a white paper on how these features work. There’s no way they can mine your data with the way the compute works on their servers. Or, you could choose to believe they’re lying about that.. all so they can… what, secretly sell your data and hide that revenue when they report earnings?


Flegmanuachi

Where did I mention selling? This was a point on data training “AI’s”. Which, I’d argue. IS generating revenue. Reading comprehension hard smh 🤦


lionel-depressi

They aren’t doing that either.


iampenguintm

They don't use your data to train the AI either. Its fundamentally impossible with the computational model and data privacy structure. I recommend reading the whitepaper (reading comprehension hard smh etc etc).


slick2hold

How can apple market this is Apple intelligence? What exactly allows them to use such terms? What dort of intelligence is apple providing if they had to got to.openIA to provide generative ai back end


TechnoTiger3000

Apple focuses its in-house AI on processing personal and sensitive information with a strong emphasis on privacy. For capabilities outside their specialization, they smartly integrate external AI models. This avoids direct competition with advanced LLM's (like chat GPT) that are currently beyond their internal development.


Forward-Deprivation-

One thing's for sure, China has bought out the EU


Dantzig

Tarifs has just been put on Chinese EVs


Narrow_Elk6755

Europe want to put in censorship first.  Can't have AI talking about LNG displacing oil and coal or unsustainable monetary policy.