The European Commission plans to invest billions of euros in the "AI industry", they are literally copying the Soviet economy. Who knows how it will end? Oh yes, we know - in misery and poverty.
Meanwhile, #AI projects produced on the free market, and not by order of bureaucrats and central planning, are avoiding Europe because of regulations.
European #bureaucrats thought that the European market was so valuable that it would be worth it for companies to spend money, time and resources just to comply with all the EU regulations. However, the truth is that the EU market is getting weaker and investors are slowly giving up on it. More and more often they will decide that it is more profitable to avoid the EU than to satisfy the regulators from Brussels.
In the end, the #EU could easily end up as a black hole that everyone avoids.