The EU Has To Get Real If Europe Is To Matter In AI (From RealClearMarkets)

The European Commission, the governing body of the European Union, on October 7 announced strategies to boost AI usage and investment through an extraordinarily deceitful press release.

The lead paragraph trumpeted the strategies are “to ensure Europe stays ahead, driving adoption in key industries and putting Europe at the forefront of AI-driven science.”

By any basic, reasonable measure, Europe is far behind the United States and much of the rest of the world when it comes to AI adoption as well as research and development.

The EU itself recently reported that only 14 percent of all businesses used AI in 2024. That is less than one quarter of the number of small businesses using AI in the United States, according to a U.S. Chamber of Commerce study released August 18.

Paul Steidler discusses this in an Op-Ed in RealClearMarkets here.