The European Union has been the first to regulate the use of artificial intelligence (AI) to mitigate risks, but the United States invests more in its development.
The United States has begun to implement AI on a large scale in its organizations and companies, generating efficiency and cost reductions.
The Draghi Report highlights that improving productivity and efficiency is a pending challenge for the EU. This requires a greater implementation of AI.
The EU Court of Auditors warned of insufficient investment in AI and lack of coordination between the European Commission and the Member States.
The EU's investments do not guarantee the creation of a European AI ecosystem, due to the bureaucracy of the institutions and the lack of interest of companies and governments.
The use of AI can reduce business costs by between 20% and 40%.
Conclusion: Europe must accelerate the implementation and use of AI to improve its competitiveness and not lag behind the United States. This technology is inevitable and its expansion will benefit the economy in terms of productivity and efficiency.