President of one of Europe’s biggest banks says region needs its own AI to protect its autonomy and economy
- Posted on September 14, 2026
- By Google News
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President of one of Europe’s biggest banks says region needs its own AI to protect its autonomy and economy
European Central Bank president Christine Lagarde has delivered a stark warning, stating that Europe must evolve into a direct developer of artificial intelligence (AI) rather than remaining a customer dependent on foreign technology. Addressing an audience in Vienna, Lagarde stressed that building sovereign capability is vital to safeguarding the continent’s independence and capturing the productivity surges required to sustain its standard of living, as per a report by news agency Reuters.
