Comment by Mario Draghi

OECD scenarios suggest that roughly half of productivity growth over the coming decade could derive from AI and its diffusion across the economy. At no point in recent memory has so much of our economic future depended upon a single technological transformation. But AI is not merely another digital tool to adopt. It requires an industrial mobilisation on a scale not seen for generations: vast investment in energy, semiconductors, computing infrastructure and capital. And here Europe is falling behind [...] This is not a gap we can afford to let widen. Unlike electricity or the internet, AI improves through use. Every round of deployment generates the data and capabilities that make the next round more powerful still. The economies that assemble these advantages first will pull permanently ahead.