Margrethe Vestager calls for balanced EU AI funding model to close compute gap with US and China

Margrethe Vestager calls for balanced EU AI funding model to close compute gap with US and China

Vestager's €100B public + €1.5T private strategy aims to triple Europe's AI compute to 15% by 2030, from 5% now. The $89.6B funding gap vs US ($109B vs €19.42B in 2024) risks permanent infrastructure/talent clustering; ASML monopoly is key differentiator.