It’s not hard to be downbeat about the health of Europe’s technology industry. The prevailing mood on X, and other platforms where tech folk like to opine, is that Europe has shot itself in the foot. Political turmoil, increased regulation (particularly the EU’s AI Act), and underfunding of start-ups are all pointed to as reasons why the US and China are much better locations for investing in technology. Mario Draghi’s recent report on European competitiveness was icing on the cake for the doom merchants, highlighting as it did Europe’s weakness at commercialising technology. In the last 50 years, the EU…

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