"To carry on as usual is to resign ourselves to falling behind. A different path demands new speed, scale and intensity. It means acting together, not fragmenting our efforts,"
"In AI, the European Union was building gigafactories and expanding data centre capacity, but gaps were clear. The United States produced 40 large foundation models-learning based on large datasets-last year, China 15 and the EU just three."
"Energy prices, such as natural gas nearly four times higher than in the United States, were also a constraint on technology, with AI electricity demand set to rise 70% in Europe by 2030."
The EU is losing competitiveness and economic growth momentum, with mounting vulnerabilities and no clear path to finance required investments. Ambitious plans exist but progress is too slow and governments have not grasped the gravity of the moment. Trade pressures include U.S. tariffs and a widening trade deficit with China. AI capacity shows large gaps: the United States produced 40 major foundation models last year, China 15 and the EU only three. High energy costs, with natural gas nearly four times U.S. levels, constrain technology adoption while AI electricity demand is projected to rise 70% in Europe by 2030. Temporary price subsidies have been the main policy response; accelerating reforms could attract private capital and reduce public funding needs.
Read at Fast Company
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