Europe must build own AI or risk getting cut off by US or China, says ECB’s Lagarde

Europe must build own AI or risk getting cut off by US or China, says ECB’s Lagarde

ECB president Lagarde warns Europe produces 1 AI model yearly versus 59 from US, controls 5% of global compute capacity. Infrastructure gap creates geopolitical leverage; when AI becomes critical across finance, health, transport, tech dependency threatens economic autonomy.