Skimming the comments, this is pretty much what everyone is saying. And I'm sure it's true, but I'd like to also point out the amount of money in question. What was the investment amount for that toy project of Altman? Right.
I don't mean to say 70B is not a lot of money, of course it is. But perhaps that's part of the point: it's a lot of money to feed these technology partners of academia and other friends of friends you are talking about, it's also big enough to make the frontpage on HN, but when it's seen as a sudden huge investment into the whole market, it's kinda telling by itself that startups are not exactly thriving in EU. And also that money is cheap now.
I don't mean to say 70B is not a lot of money, of course it is. But perhaps that's part of the point: it's a lot of money to feed these technology partners of academia and other friends of friends you are talking about, it's also big enough to make the frontpage on HN, but when it's seen as a sudden huge investment into the whole market, it's kinda telling by itself that startups are not exactly thriving in EU. And also that money is cheap now.