Europe Can't Afford to Miss AI Revolution: ECB Chief
9 Articles
9 Articles
Christine Lagarde recalls that Europe was largely on the sidelines of the first digital revolution. "We cannot afford to repeat this experience with AI," says the ECB leader.
Europe can't afford to miss AI revolution: ECB chief
The United States and China are seen leading the AI race, with their companies producing the most advanced large language models and rapidly building vast new data centres. "Europe largely missed out on the first digital revolution, as the commercial gains from the spread of information and communication technologies were captured disproportionately elsewhere," Lagarde said at a World Economic Forum event in Geneva. "We cannot afford to repeat …
The President of the European Central Bank on Wednesday called on the Old Continent not to miss the ongoing revolution of artificial intelligence, a technology brewing massive investments but largely dominated by giants in the United States or China. ...
Christine Lagarde, President of the European Central Bank, highlights the scale of the European market and the skilled workforce as advantages in addressing technological challenges.
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