EU missing the boat on AI, jeopardising its future, Lagarde warns

Europe is jeopardising its own future by missing the boat on artificial intelligence and must quickly remove obstacles that prevent the diffusion of this new technology, European Central Bank President Christine Lagarde said on Monday.

Firms in the US and China are investing heavily in AI, generating a debate on whether this exuberance is fuelling a financial bubble or signalling a technological leap.