If supremacy in artificial intelligence (AI) was an Olympic discipline, there would only be two serious contenders for gold on current trajectories: the US and China. Europe, as has been the case in many areas of cutting-edge technology in recent times, is barely in the conversation. Former president of the European Central Bank Mario Draghi, whose 2024 report highlighted the EU's desperate need to be more innovative to become more competitive, said recently that AI is "perhaps the most promising" route Europe has to raise growth today. However, he decried the fact that the EU controls little of the value chain.
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