These are all very good points, and the US / EU governmental response will continue to be interesting to observe. The EU's recent muscle flexing vs Google and the generative AI shows some fear based thinking. What eats the Europeans is that they have never in the past 50 years fostered a tech innovation that scales to be Apple / Tesla / Google / Facebook / etc. It looks equally unlikely for the next 50 years. Europe is home to thousands of small tech workshops, clever engineers, very efficient consulting firms and excellent tech schools. It lacks the cowboy VCs of Silicon Valley: the bold investors who understand that half their bets will fail and that only one in 20 will be a home run.