Palantir's Europe head warns the region is 'missing the boat' on AI just as it did with the internet
Palantir's Europe head, Louis Mosley, warns that Europe is falling behind in AI adoption, similar to its failure to capitalize on the internet wave, which led to significant economic divergence from the U.S. He attributes this to European corporates' cautious approach and highlights Palantir's role as a proxy for AI adoption, despite ethical concerns related to its defense and law enforcement ties.
Why it matters
This article highlights a critical economic and technological challenge for Europe, potentially impacting its future competitiveness and global standing in the rapidly evolving AI landscape. It also touches on the ethical dilemmas surrounding powerful AI technologies and their deployment.
Where the U.S. "got the internet right," built a score of businesses and became the backbone of the digital economy, Europe "missed the boat," Mosley told CoinDesk in an interview.
The divergence between the markets in the decades since has been stark. Europe and the U.S. were roughly comparable 20 years ago on GDP per capita, capital-market depth and the scale of their largest companies. Since then, t he U.S. has compounded growth while Europe has barely advanced in comparison.
Previous technology waves produced European champions. The internet wave produced almost none, with ASML (ASML) the rare exception, he said.
“It’s by far and away the largest European company . Which is, it tells you that the value is in tech,” he said.
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