Europe Has Lost Race for Frontier AI Models, Says Rhine Group's Garicano

Luis Garicano, Rhine Group Executive Director, tells Bloomberg TV that Europe has lost the race for frontier AI models, but the region can still do the implementation side of the technology. The Rhine Group, Mario Draghi's new forum for tackling Europe's competitiveness challenges, brings together economists, industry and financial leaders, to build on the landmark report the former ECB President published two years ago. Garicano was speaking ahead of European Commission President Ursula von der Leyen delivering her annual State of the Union address at the European Parliament in Strasbourg. (Source: Bloomberg)