Lagarde: Europe must advance in AI
The President of the European Central Bank, Christine Lagarde, warned that the Eurozone is surpassing its competitors in the race to economic transformation linked to artificial intelligence. She emphasized that Europe cannot afford to lag behind in adopting modern technology. She pointed out that approximately 9% of corporate investments in the Eurozone are currently directed toward artificial intelligence, aiming to boost productivity and competitiveness. However, market fragmentation within the European Union hampers company growth and makes financing more difficult compared to global markets. She called for the unification of the market, increased investments, and the facilitation of technology deployment to improve competitiveness and achieve sustainable economic growth.
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