Can AI revive European manufacturing

The European Union is aiming to leverage artificial intelligence to improve industrial productivity and enhance its competitive position. Europe possesses a vast industrial database and expertise spanning over a century, but faces challenges in rapidly adopting the technology due to high costs, security concerns, and bureaucratic restrictions. Although it lags behind the United States and China in consumer-oriented AI systems, Europe is striving to utilize its resources to boost the sustainability and productivity of its manufacturing sector. Strategic efforts are underway to transform industrial data into smart assets to better compete with the world's largest economies.

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