Editorial: La Vanguardia

• The majority of AI investment has taken place outside of Europe, leaving the continent trailing in the global tech race.
• The European Commission plans to build several AI gigafactories to compete with the US and China.
• The DeepSeek R1, a Chinese AI creation, presents a cost-effective alternative that could be utilised by European startups.
• Despite technological talent in Europe, brain drain to the US further limits AI development on the continent.
• Challenges include factors such as fragmentation of capital and digital markets, lack of venture capital funds, insufficient R&D investment, and risk aversion.

Conclusion: The European Commission's ability to swiftly implement effective measures will decide whether Europe can compete with the US and China in AI development.

---