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Mario Draghi selected the start of the school year at Milan Polytechnic to send a new warning to Europe, putting artificial intelligence at the forefront of growth. "Technologies are crucial in advanced economies", stated the former prime minister. "Over the past twenty years", he recalled, "we have gone from being a continent that embraced new technologies, narrowing the gap with the United States, to one that has progressively erected barriers to innovation and its adoption. We saw this in the first phase of the digital revolution, when European productivity growth fell to about half the US rate and almost all the divergence emerged in the technology sector. Now this pattern is repeating itself with the artificial intelligence revolution". "Last year", continued the former prime minister, "the United States produced 40 major fundamental models, China 15, and the European Union only 3; the same pattern can be observed in many other frontier technologies, from biotechnology to advanced materials to nuclear fusion, where many significant innovations and private investments are taking place outside Europe. If we don’t close this gap and adopt these technologies on a large scale", warns Draghi, “Europe risks a future of stagnation with all its consequences".
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