La Repubblica : US-Europe, the gap on technologies is widening
Eugenio Occorsio
Mar 11, 2024
On artificial intelligence, American investments are 50 times those of the Old Continent. A progressive loss of competitiveness which undermines development opportunities
Read the full article in La Repubblica
Investments in research and development in Europe are a fifth of those in America and half of China. And in artificial intelligence, investments in the USA are 50 times those in Europe. The result is the now unbridgeable loss of supremacy in the most vital sectors and therefore of the opportunity that more wealth, production and growth can emerge from these sectors in Europe, with all the consequences in terms of macroeconomic development and individual incomes.
The alarm is raised in the Financial Times by Yann Coatanlem, an economist born in Reims, president of the Franco-American think-tank Praxis, who went through the data on R&D of thousands of companies around the world and drew embarrassing conclusions for the Old Continent.
[...]
Coatanlem attributes Europe's loss of competitiveness to the greater flexibility in the U.S. labor market.
[...]
Read the full article in La Repubblica
