"The era of generative AI presents an opportunity to change Europe's story" - Nick Clegg, president, global affairs at Meta. Photograph: GettyThe people of Europe have voted. A new parliament has been elected. The runners and riders for the European Commission President and the new slate of commissioners are jockeying for position. But this is not business as usual for Brussels.
European companies are growing more slowly, reporting lower returns and lagging behind their peers in research and development, even in industries that were traditionally Europe’s strength like automotive and manufacturing. Just one of the top 10 electric vehicle brands in the US past year was European. There are four times more semiconductor plants planned in China than in Europe.
With Europe’s high quality university sector producing top talent, and our deep capacity for research and development, we could become a world leader in the application layer of AI – creating the apps and services through which people experience this powerful new technology. During my years in Brussels in the 1990s, the single market was cause for huge optimism. I studied at the College of Europe – where I met my wife Miriam – and became an official in the Commission during the heyday of globalisation and European integration. The Berlin Wall had fallen, the Single European Act was bedding in, the Maastricht Treaty was hot off the presses and the World Trade Organisaton was up and running.
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