Tech "not thriving" in the EU - by what standards, what does this mean? - has zero to do with EU regulations, or we'd see tech thrive much more in Japan, Korea, Kenya, Serbia, Mexico, Taiwan, Malaysia, Singapore, all those non-EU countries with supposedly less regulations and as such more thriving tech. Before you point to the chip companies that some of those countries have, those already existed 30+ years ago and aren't an example of tech "thriving" due to less regulations, it would be like pointing at ASML and Airbus to prove that in the EU it is thriving.

Tech is thriving in some of those east Asian countries. For the size of the EU population or GDP, take your pick, their tech sector isn't so hot.

Of course I didn't say that being unregulated automatically makes the tech sector thrive. Kenya has plenty of other problems to solve first.