A perception that Europe will continue to be too restrictive when it comes to innovation in the sector is pushing companies away, says Richard Blythman
Dr Richard Blythman’s Naptha.ai is registered in Singapore
Dr Richard Blythman, co-founder and chief scientific officer of Naptha.ai, wanted to register his $6m AI start-up in Dublin, where he was born and where he lives. But he felt he couldn’t. The rules here are too uncertain, he says. So he registered it in Singapore.
According to Blythman, a veteran start-up creator whose idea of decentralised infrastructure for AI could be tapping into a new trend in the industry, his isn’t the only Irish start-up choosing to register outside Ireland and the EU.
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