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I didn't mean to imply US bad EU good. As such, this isn't about which passport the VCs have, but about local hosting and open weight models. A closed model from a US company always comes with the risk of data exfiltration either for training or thanks to CLOUD Act etc (i.e. industrial espionage).

And personally I don't care at all about the performance delta - we are talking about a difference of 6 to at most 12 months here, between closed source SOTA and open weight models.