European Investment Bank / European Commission – Artificial Intelligence, blockchain and the future of Europe – How disruptive technologies create opportunities for a green and digital economy
The further development of AI and blockchain has the potential to open new paths for growth, drive technological solutions, and truly make our societies more digital and greener. According to this report by the European Investment Bank (EIB) and the European Commission, the European Union is investing too little in these technologies. As a result, the gap with the US and China is widening. With only 7% of annual capital investment in both technologies, the EU lags far behind these superpowers, which together account for 80%. To keep pace with these countries, the EIB advocates for annual investments of €5–10 billion. In addition, the AI and blockchain ecosystems need to be strengthened. In this study, the EIB and the Commission outline the key investment bottlenecks and provide a series of recommendations to create a better investment climate in the EU.
