Europe facing unprecedented risk of being cut off from AI, Lagarde warns
Lagarde said Europe could lift productivity by up to 4% over a decade if it builds more computing capacity and AI models on its own infrastructure.
- On Monday, European Central Bank President Christine Lagarde urged Europe to become a producer of artificial intelligence technology to preserve autonomy and achieve efficiency gains needed to maintain its way of living.
- Europe currently imports most AI technology from the United States, leaving it vulnerable to potential access restrictions that could disrupt every sector, Lagarde said.
- Lagarde warned that "Europe already has too little data centre capacity to meet its own demand, and on current trends, that gap is projected to grow more than sixfold within a decade."
- Trust between Europe and the United States has been shaken by tariffs, Greenland demands, and troop withdrawals, while U.S. technology firms' borrowing needs in Europe drive up costs for local borrowers.
- Lagarde proposed developing AI models that are "good enough" for most tasks and run on European infrastructure, a strategy that could lift productivity by up to 4 per cent over a decade.
61 Articles
61 Articles
Christine Lagarde said that in a few years, AI will be controlling trains and monitoring patients in hospital wards. That's why it's important that no one can cut off the continent from technology.
European Central Bank (ECB) President Christine Lagarde warned the continent not to neglect progress; Germany said slowing down is not a “option”
In the opinion of the President of the European Central Bank (ECB), Christine Lagarde, Europe needs "sufficiently advanced" models that operate in European infrastructure.
ECB President Christine Lagarde is warning that Europe must develop its own AI technology and data centers to avoid dangerous dependence on the US and China and protect its economy.
Europe needs to become a producer of artificial intelligence technology, in part in order to preserve its own autonomy and achieve the efficiency gains necessary to maintain its way of life, said President Christine Lagarde of the European Central Bank (ECB), on Monday. European companies have invested in AI, but mainly by importing technology from abroad, especially from the United States, which makes them vulnerable if access is cut and can co…
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