Tech
European tech must keep pace with US, China: Meta’s Nick Clegg
Clegg, president of global affairs at the parent company of Facebook, Instagram and WhatsApp, said Europe had a “real problem”.
“We are falling very rapidly behind the US and China,” said Clegg, who was promoting a scheme to mentor startups on the continent.
“I think for too long, the view has been that Europe’s only role is to regulate. And then China imitates and America innovates.”
But he argued it was not possible to “build success on the back of a law”.
“You build the success on the back of innovation, entrepreneurship, and a partnership between big tech companies and small startups.”
Discover the stories of your interest
Clegg was promoting a scheme run by Meta and two French companies to offer five European startups six months of mentoring and access to their facilities.Clegg has spearheaded previous efforts by Meta to invest in tech in Europe, announcing in 2021 that the US firm would create 10,000 jobs there to help build the “metaverse”.
Meta burnt through billions of dollars trying to make its metaverse project a reality but has since changed focus to artificial intelligence and announced thousands of layoffs, including in the teams working on the metaverse.
Manpower-short Germany ups skilled worker visas
Inside Europe’s second ‘poorest’ country that’s also one of its least visited
Fifth place for Charyn in Japan on final career start
How Europe can avoid a trade war in a 2nd Trump term
The city in Europe that’s on the border of three separate countries
Luxembourg Boosting Its Global Appeal as One of the World’s Safest Destinations, Offering Hidden Gems and Tranquil Escapes for Savvy Travelers Seeking an Undisturbed European Getaway – Travel And Tour World
Tech investor Xavier Niel urges Europe’s AI start ups not to cash out
WORLD: THE REFUGEES AT EUROPE’S DOORSTEPS
The affordable city home to Europe’s biggest spa
