Europe's AI growth prospects face a computing gap, one post argues

A post highlights ECB scenarios cited by Mario Draghi in which AI adoption could add 0.3–0.4 percentage points to annual total-factor productivity growth. But it says the EU holds less than 5% of global AI computing capacity, versus 75% for the US, and that Europe's data-centre shortfall could reach 14 gigawatts by 2030. The post says Draghi identifies data—including public health and machine-readable industrial records—as Europe's clearest controllable asset. It also argues that US companies can provide local cloud capacity, but their ownership creates legal and political risks for sensitive European systems.