Nah, we will be fine. AI isn't sustainable, financially or otherwise. It will collapse and take a big chunk of the US economy with it.

Step one: air conditioning. Step two: AI superpower.

Decisions here are made slowly, with complete information, and agreement from all parties. Once they’re made they’re then slow to change for all the same reasons.

Until this changes I don’t think Europe has any hope of competing with the US or China on anything they decide is important.

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Nah, we rather regulate ourselves out of existence. Any investment you do, the money will go to paying random taxes and fees to services that make sure you are filling the arbitrary criteria of bullshit. Maybe after that you have some pocket change to spend on your idea instead.

And if you do happen to make a successful company, then the governments want a cut of that too, because making money is a no-no thing.