The United States leads in AI foundation models with 40, followed by China with 15, while Europe lags with only 3. The EU focuses on regulation rather than fostering competitive AI growth, resulting in talent and capital drain to the US. Despite initiatives to boost AI infrastructure and funding, Europe struggles with fragmented regulations and a cautious venture capital environment. The EU aims to implement comprehensive AI regulations by 2027, but critics argue this may hinder innovation. The dependency on US and Chinese technology and the lack of a unified market further complicate Europe's position in the global AI race. Teljes cikk (Euronews.com)