Europe promotes sovereign, trusted AI as it struggles to catch US and China
At an international AI summit in Dublin, European leaders promoted trusted and independent AI. Critics question whether the EU can close the gap with the US and China while maintaining strict regulation.
Europe aims to become a major player in artificial intelligence (AI) as it seeks to reduce its reliance on US and Chinese AI technologies. Former European Central Bank president Mario Draghi has emphasized that AI represents a significant opportunity for the EU to boost growth, but noted that the bloc currently controls little of the AI value chain. This lack of control could pose severe consequences, similar to being disconnected from the US financial system.
An international AI summit held in Dublin, as part of Ireland's six-month EU presidency, highlighted the potential of AI to revolutionize Europe's competitiveness. However, the discussions were primarily focused on the benefits of AI and the need for strong regulation, with little attention given to concerns about environmental impact and job losses.
Despite efforts to enhance AI capabilities, the EU falls short of the US and China in terms of AI development. Europe only owns about 5% of the world's AI computing capacity, compared to the US's 75%. European firms are also lagging behind in producing cutting-edge AI chips. The Irish government, hosting the EU presidency, presented a policy document, the "Dublin Declaration," outlining commitments to strengthen Europe's AI capabilities.
These include investments in infrastructure and financial support for European AI companies. However, some, like Ryanair CEO Eddie Wilson, remain skeptical about the EU's ability to regulate AI effectively without stifling innovation.
Written by urgent.news from DW English (Top Stories)'s reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
