I agree with the second-mover strategy and focusing on the adoption layer, but strategic leverage of some choke points (e.g., ASML's compute supply chain, industrial capacity when robots lag) could still be beneficial. A speculative case for Europe lagging is here, but I am quiet uncertain about the diffusion of AI technology: https://www.forethought.org/research/could-one-country-outgrow-the-rest-of-the-world A superb and more academic paper on r and g with AGI: https://basilhalperin.com/papers/agi_emh.pdf
I agree with the second-mover strategy and focusing on the adoption layer, but strategic leverage of some choke points (e.g., ASML's compute supply chain, industrial capacity when robots lag) could still be beneficial. A speculative case for Europe lagging is here, but I am quiet uncertain about the diffusion of AI technology: https://www.forethought.org/research/could-one-country-outgrow-the-rest-of-the-world A superb and more academic paper on r and g with AGI: https://basilhalperin.com/papers/agi_emh.pdf