The European Union is falling behind in electric vehicles and artificial intelligence, with China and the United States taking the lead
The EU is lagging behind on artificial intelligence, electric vehicles, and other key technologies.
The EU’s regulatory approach to tech is largely responsible for its lackluster progress in the sector. The German government has commissioned a study on large European AI models, which argues that unless the EU can develop its own technology, it will become dependent on the US, which would also mean dependence on a lower standard of data protection. The problem is that Europeans see artificial intelligence as a threat against which they want to protect themselves. It is hardly surprising that they are not the lead developers.
The problem is computing power. Microsoft is about to invest $10bn into OpenAI, an open-source AI lab. The German government has a budget of €3bn to invest into a whole series of small projects. The problem is that the technology is moving at a faster speed than the debating schedule in the Bundestag.And we don’t see political leaders turning this into a high-priority matter. At least Kohl and Mitterrand were interested in technology. They just bet on the wrong one.
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