Europe must build its own AI or risk being cut off, says ECB’s Lagarde
Europe must produce its own AI or risk being cut off from it, says Christine Lagarde, president of the European Central Bank. She warned that a trade partner could use Europe’s reliance on foreign AI as leverage in negotiations.
She made the case in a speech in Vienna on 14 September. Its title was “A new age of capital: growth, sovereignty and AI”. She spoke at the Hofburg im Dialog event.
“A withdrawal of access, or a change in its terms, would then reach every sector at once. That is leverage of a kind no trade partner has ever held over Europe, and it could be used in any negotiation, on tariffs or on digital taxes, for example.”
Within a few years, she said, AI will be screening goods at borders and picking tax returns for audit. It will also dispatch trains, watch patients on wards, and clear bank payments.
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