Dr. M on Nostr: There are three main players that make up about 70% of world GDP: the #US, the #EU ...

There are three main players that make up about 70% of world GDP: the #US, the #EU and #China. By all appearances, the EU is regressing and at the moment it seems that we are forever behind, but I will elaborate later on why this may not be true.

Let's first analyze what makes the market successful and why America is progressing so much ahead of everyone else even though it is numerically the smallest of all three markets:

1. Monetary Union: the euro has only been around for about 20 years
2. Banking Union: sending money between EU countries is still expensive and slow.
3. Language Union: #America and China have solved this, the EU has not
4. Logistics Union: America has had Fedex, USPS for a long time, Europe is only now slowly solving it.
5. Customs Union: The EU solved this in full only in the 90s, that is, 25-30 years ago.
6. Movement of labor and capital: although legally solved, it has not taken off well in practice.

When we put it this way, we see that the EU has solved most of its problems, but people need to get used to the new things, except for one thing - language.

And language is a problem that has never been solved before with new LLM (AI) tools, we just need to implement them. What I see is an extremely low use of AI tools in companies in most EU countries, and it is precisely the EU that could benefit the most from this and use AI as a fuel to catch up with America and China.

All of us who are employed somewhere should start from ourselves and make our company more successful, and we can do this today using AI tools to the maximum extent. It would be interesting to know how many entrepreneurs managed to reduce the number of employees because they implemented some AI tool in their company.