Europe is at risk of falling behind in artificial intelligence (AI) innovation due to its focus on domestic AI development rather than international collaboration, according to industry leaders. A $500 billion investment by the U.S.-backed Stargate Project aims to set a global standard for AI infrastructure and could serve as Europe’s wake-up call. SAP CEO Christian Klein emphasized that such an initiative is crucial for Europe to compete on a global scale and criticized European regulations for stifling innovation. Klein also supported a similar project in Europe, stating it would foster collaboration across sectors.
Meanwhile, Siemens’ Roland Busch argued that Europe needs more advanced data centers closer to home to support local AI development, while Schneider Electric’s Olivier Blum highlighted the importance of international cooperation given its global supply chain. Both Busch and Blum stressed the need for governments worldwide to collaborate on AI initiatives rather than compete.
Klein pointed out that European industries like manufacturing and chemicals could benefit from AI to remain competitive but stressed the responsibility lies with both politicians and private sector leaders. He called for a unified approach across countries to drive AI transformation, urging Europe to prioritize this critical technology as it continues to dominate global markets.
As Europe considers its AI strategy, the Stargate Project serves as a reminder of the need for collaboration and innovation on a larger scale—something Europe must act on to stay competitive in the digital age.
Source: https://www.cnbc.com/2025/01/23/sap-ceo-sounds-rallying-cry-for-europe-on-ai.html