ECB President: Europe cannot rely solely on importing AI technology from the US

Beating AI News Flash: European Central Bank President Lagarde stated that Europe cannot merely purchase AI technology from the United States; it must also build some of its own capabilities, or else it risks becoming vulnerable itself. Lagarde said on Monday: "There is nothing wrong with importing new technologies rather than producing them yourself." However, she pointed out that artificial intelligence has its "special" aspects.

In addition to data protection, Lagarde also emphasized that "access rights" are one of the key factors, because once AI is widely used, (the US side) revoking access permissions or changing terms would "affect every industry simultaneously."