DeepSeek offers potential boost to European AI competitiveness
- Daniel Gros emphasizes the risks and opportunities presented by Chinese EVs and the DeepSeek AI technology.
- While cheap Chinese EVs may threaten European automotive employment, the competition is manageable.
- Gros encourages Europe to leverage AI technologies like DeepSeek to boost overall competitiveness.
In a recent commentary, Daniel Gros highlighted the implications of a Chinese startup's AI technology, DeepSeek, on the European market. He emphasized that, while Europe has a robust automotive industry facing challenges from cheaper Chinese electric vehicles (EVs), the competition is not as dire as it seems, as European automakers will likely maintain their positions with some adjustments. In contrast, Europe currently lacks advanced AI models like DeepSeek, which could allow for increased AI adoption within various industries across the continent. This presents an opportunity for European firms to enhance their efficiency and innovation capabilities, which are desperately needed to compete with established American firms in the AI landscape. Thus, despite the concerns surrounding Chinese imports, Gros advocates for embracing innovations like DeepSeek to foster growth and prevent stagnation in European industries.