Lagarde Warns Europe Cannot Miss AI Lead

European Central Bank President Christine Lagarde warned that the Eurozone risks falling behind in the global economic transition related to artificial intelligence. She confirmed that companies in the region are dedicating around 9% of their investments to AI technology this year to boost productivity and stay competitive in the technological race. She emphasized that market fragmentation within the European Union hampers company growth and fails to provide sufficient financing, calling for market unification and the facilitation of the spread of modern technologies to achieve sustainable economic growth.

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