Europe needs its own AI models, ECB's Lagarde says |
| European Central Bank President Christine Lagarde has said Europe needs to become a producer of AI technology to preserve its autonomy and achieve the efficiency gains that are necessary to maintain its way of living. "Within a few years (AI) will be screening goods at the border, deciding which tax returns are audited, dispatching trains, watching patients on wards and clearing payments at banks," Lagarde said. "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." Lagarde said Europe faced “an awkward choice . . . Either it holds back on adopting, because it cannot protect its data, and forgoes the growth. Or it adopts AI quickly, becomes highly dependent, and risks losing the freedom to organise its economy according to its own values.” |
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