Dutch software company Bird is moving most of its operations overseas, citing overregulation in Europe as a barrier to innovation. Co-founder and CEO Robert Vis emphasizes that the AI Act and various national regulations have made operating in Europe challenging. While the company has achieved unicorn status and launched innovative products, including an AI chatbot, it plans to establish new offices in the US, Singapore, Dubai, and Istanbul. Despite the shift, Bird will keep an office in Lithuania and a tax base in the Netherlands, indicating a partial commitment to the EU market.
"The AI Act, financing, compensation, taxes, employment law - starting and running a company [in Europe] is hard," Vis told TNW, adding that there are "too many disparate markets that are overregulated with no clear vision for the future while the world around us is changing."
"Both The Hague and Brussels enjoy being in meetings and talking more than they get shit done," Vis said, adding that EU policymakers are "killing innovation."
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