Europe has been lagging in the arm race of AI significantly, where has long been seen by its critics as a place that has regulated the tech industry too heavily to the detriment of innovation.
.It seems like Europe wants to shake off its anti-innovation image, hoping to be part of the AI race. In Artificial Intelligence Action Summit in Paris French President Emmanuel Macron declared France is “back in the AI race.”, while Macron touting a 109 billion euro investment in AI in the country, which also underscoring Europe’s desire, led by France, to be a part of the conversation around AI leadership and innovation that has so far been dominated by the U.S. and China.
Last month, America’s $500 billion Stargate announcement made headlines globally, followed by DeepSeek’s AI model, which sent shock waves across financial markets and highlighted China’s ability to keep apace with U.S. innovation.
There are a number of key companies in Europe, ranging from self-driving technology startup Wayve in the U.K. to OpenAI rival Mistral in France. It is very critical that there’s political will to actually do something in AI race, rather than overregulating. It seems like a fork in the road, at least Europe is moving in the right direction.
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by- ANDREW SMITH
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