Europe is lagging behind in AI innovation, that much is clear to everyone. But what is apparently not clear to EU politicians and bureaucrats are the reasons why Europe is lagging behind. It is not because Europeans are less smart or less enterprising than Americans and Chinese. It is more because such investments are much riskier in Europe than elsewhere. When private individuals invest their money in something, they want to have enough assurance that, if the investment is successful, they will be able to make a profit from it.
The European market is highly regulated and it is very difficult to train new AI models while respecting the existing regulations imposed by Brussels.
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