Europe Registers Hottest March on Record Amid Climate Concerns

The European Union (EU) has launched its first sectoral strategy for artificial intelligence (AI), committing €200 billion ($215 billion) to become "the continent of AI," as stated by officials on February 12, 2025. This initiative comes more than two years after the emergence of AI models like ChatGPT, highlighting Europe’s delayed response in a rapidly evolving tech landscape.
Despite having a robust ecosystem of universities and research institutions, the EU faces significant challenges in bridging the technology gap with the United States and China, where investment levels in research and development surpass that of the EU's 2.2% of GDP. Notably, only 11 of the world's top 100 tech companies are based in Europe, with none among the 10 leading by market value, contrasting sharply with the dominance of U.S. firms.
Experts express concerns that Europe's fragmented market and stringent regulations hinder the competitiveness of its tech firms. As emphasized by Mario Draghi, former President of the European Central Bank, urgent action is necessary to boost investment and innovation to prevent the region from falling further behind in key technological fields.