The EU promotes an independent, trustworthy AI while struggling to catch up with the USA and China.

At a recent AI summit in Dublin, EU leaders emphasized the need for trustworthy AI while facing skepticism about catching up with the US and China. Former ECB President Mario Draghi highlighted the EU's limited control over the AI value chain, warning of severe consequences if Europe falls behind. Despite positive discussions on AI's potential, concerns about environmental impacts and job losses were largely overlooked. The EU currently holds only 5% of global AI computing capacity, significantly trailing behind the US and China. The Irish government presented a strategy paper to enhance European AI capabilities, but doubts remain about the EU's ability to balance innovation with regulation.