Arthur Mensch, CEO of Mistral, has called for increased AI infrastructure investment in Europe, emphasizing that the continent risks falling behind the US and China. He argues that Europe needs to control its AI developments to ensure the technology aligns with European values. Tech leaders at the Visionaries Unplugged conference support Mensch's views, highlighting ambitious goals but structural issues within Europe. They advocate for flexible regulations that foster innovation. This comes as the European Union advances its strict AI Act, contrasting with the US's more lenient approach to AI protection and regulation.
It's important to have European players coming to the game. Europe needs to invest in owning and operating the infrastructure so that the money that is being made will not just go back to the hyperscalers in the US.
Ambition in Europe is on par or higher than the US - it's not a talent problem but a structural one.
I don't want our kids relying on models that are not created with the same rules that we have in Europe, for people in my country or my continent to not have models they can rely on.
Founders and investors at the event repeatedly called for regulation in Europe that is 'flexible enough' to support innovation and competitiveness.
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