Europe’s AI Dolce Vita?¶
Glacial growth, aging welfare states, and a shortage of centrist leaders suggest Europe faces a major debt crisis in the years ahead. But its emphasis on leisure over work could become a decisive advantage, positioning the continent as the leading model for thriving in an age of AI-driven abundance.
PARIS—In many respects, the European Union appears likely to become one of the AI revolution’s biggest losers, with China and the United States leaving its economies in the dust. Even if European energy policies were not already making a massive data-center buildout prohibitively expensive, its fragmented capital markets would make raising the necessary financing extraordinarily difficult.