Europe should be realistic on technological sovereignty, says the legislator – politico

“If we look at the priorities” of the Commission, “there are so many,” she said. The Commission is working on a wide range of initiatives, making Europe a continent of AI and the best place to develop startups, supporting quantum IT, biotechnology and connectivity.

Maydell said the EU should “identify the few major ideas that can propel our economic and industrial basis”, suggesting an accent on two or three initiatives, because “the less it is more”.

“We have limited resources. There are various priorities. For us in this room, technology is priority. In another room below, defense is priority, “she said.

EU institutions should not choose companies to defend either, which leaves it on the markets to decide which companies survive, said Maydell.

Speaking on the same panel, which focused on how to strengthen AI’s capacities in Europe, Michael McNamara, the deputy of Irish Independent Michael McNamara, stressed that most of the funds that were going in technological investment are always deprived.

In addition to the availability of financing, the discussion between Maydell, McNamara, the director of public policies of Amazon, Yohann Bernard and Bertin Martens, principal researcher at Bruegel, also cited energy prices and the lack of technological talents as limiting the progress of Europe.