Why Europe is Falling Behind in AI and How It Can Catch Up Philippe Aghion, a Nobel laureate and economist, recently warned that Europe risks repeating its past mistakes when it comes to embracing technological disruption.
The continent has historically struggled to adapt to new innovations, particularly in artificial intelligence (AI).
While Europe lags behind the US and China in AI development, Aghion's prescriptions for change are more nuanced than a simple call to catch up. One key challenge facing Europe is its research funding model.