The Big Tech Show AI regulation and why Irish startups are being driven abroad
Jun 26, 2025
Richard Blythman, co-founder and chief scientific officer of Naptha.ai, discusses how stringent European AI regulations are pushing startups like his to relocate to friendlier environments like Singapore. He highlights the challenges faced by Irish tech entrepreneurs, particularly in AI and cryptocurrency. Blythman emphasizes the risk of stifling innovation due to excessive regulation and advocates for a balanced approach that prioritizes ethical technology development. The conversation also touches on the importance of decentralized systems for privacy and emotional manipulation concerns.
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Singapore as a Startup Hub
- Singapore is viewed as a more forward-looking and clear regulatory environment for AI and crypto startups compared to Europe and the US.
- Lack of regulatory clarity in Europe and the US drives startups to register in more certain jurisdictions like Singapore.
EU AI Licensing Restrictions
- European AI licenses are more restrictive to avoid liability risks, limiting commercialization compared to US licenses.
- This creates disadvantages for European startups building on open-source AI like Llama 3.
Europe’s Restrictive AI Reputation
- The perception that Europe will be too restrictive on AI regulation deters startups from building there even without full knowledge of specifics.
- Some European leaders advocate deregulation, signaling a possible shift in regulatory approach.