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Home » Can Europe win the race to develop and deploy generative AI?
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Can Europe win the race to develop and deploy generative AI?

adminBy adminJuly 2, 2024No Comments2 Mins Read
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I believe the devil is in the details. Of course, there are some objective factors that favor certain markets. But looking at Europe, it is important to understand what opportunities exist in different parts of the value chain: computing power, foundational models and downstream applications. Let’s outline some of the opportunities:

First, we believe that technology is a commodity and it’s how we leverage it to reinvent business that matters. For every dollar spent on technology, you need to spend another $3-5 on people, which can add up to higher costs. Europe can lead this change while embedding AI into highly sophisticated and advanced industrial processes across the continent.

The second opportunity for Europe is the wealth of incredible talent, some of which is returning to Europe, some of which has never left, but all of them are passionate about deploying AI across Europe.

Thirdly, when we think about Large Language Models (LLMs), language is a culture, and culture is very difficult to fully understand from the outside, so these LLMs should be developed within the continent, which is a new opportunity for Europe.

Finally, there is a lot of debate and questions about regulating AI, but it is essential for success: we need a framework for operationalizing AI, and a European regulatory lead would create many opportunities regarding safety, security, and the proper integration of AI companies within a clearly defined environment.



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