EU Fails to Keep up with AI Revolution: "EU Budget Was Created in a World that No Longer Exists"

Ursula von der Leyen, in her speech at the annual Budget Conference on 20 May, highlighted how rapidly the technological landscape is changing. She pointed out that the current long-term EU budget was created in a 2020 world that no longer exists. A key example is artificial intelligence – when the spending was planned, it was thought that AI would reach the level of human reasoning around 2050. “We now expect it to happen next year,” von der Le…