Europe missed the first digital revolution and cannot afford to miss out again with AI, as it has the full potential to compete, Christine Lagarde, president of the European Central Bank (ECB), said on Wednesday.
To win the AI race against giants such as the US and China, Lagarde told the International Business Council of the World Economic Forum (WEF) in Geneva, the EU needs to complete its single market and integrate capital markets that remain too fragmented.
“Europe largely missed out on the first digital revolution, as the commercial gains from the spread of information and communication technologies were captured disproportionately…
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