Lagarde: The transformative power of AI: Europe’s moment to act | Crypto Craft

  • Lagarde: The transformative power of AI: Europe’s moment to act

    From ecb.europa.eu

    It’s a privilege to speak with you today about artificial intelligence. In 1987 Robert Solow famously remarked that “you can see the computer age everywhere but in the productivity statistics.” The same observation could be made today. We see AI advancing at remarkable speed. Yet its aggregate impact is still barely visible in the data. Over the past year global corporate investment in AI reached USD 252 billion, and private AI firms raised a record USD 100 billion.[ 1 ] Five leading US investors in terms of capital expenditure are now companies that focus heavily on AI. None of these companies numbered among ... (full story)

Added at 8:48am

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Ferna
Nov 24, 2025 9:32am
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Economic "gain" is not by hoarding up all money into only a few entities.
The money needs to be earmarked for humans.
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JensOhle
Nov 25, 2025 12:50am
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Bruxelles: "We already did, Madame" ... "Don't you see how quick our regulation was?" ... "We made Europeans save from these disruptions" ... I'd never thought - cheering to Jacque Delor's Whitepaper end of the 80s - to say one day "The EU is finished. Burn it down to rebuild it."
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