I think we (in the EU) will soon realise the bizarre consequences of these regulations. European startups will not be able to use standard SaaS or PaaS tools (like AWS, Azure, Mailchimp, PayPal etc) if they are based in the US (like most of them are). No cloud services, no Office 365 or Google Workspace.
It will take forever to build up a similar ecosystem in Europe and I think most successful European entrepreneurs will just end up starting companies in the US instead.
There must be some reasonable middle ground before we fragment and destroy the entire Internet. Why not start by making a general exception for temporary storage of less sensitive data like IP-addresses for efficiently and cost effectively delivering a web service.
If there is one thing they could start looking in to it would be handling of personal information by governmental organisations. I work a little bit with a few municipalities, and the number of documents with deeply personal information that are just emailed around over unencrypted email is shocking.
It will take forever to build up a similar ecosystem in Europe and I think most successful European entrepreneurs will just end up starting companies in the US instead.
There must be some reasonable middle ground before we fragment and destroy the entire Internet. Why not start by making a general exception for temporary storage of less sensitive data like IP-addresses for efficiently and cost effectively delivering a web service.
If there is one thing they could start looking in to it would be handling of personal information by governmental organisations. I work a little bit with a few municipalities, and the number of documents with deeply personal information that are just emailed around over unencrypted email is shocking.