In Europe AI is seen as evil that must be stopped. Unlike in the US, AI doomers have Commission well manned. Ursula addressed this in her State of Union speech yesterday. The EU rather chooses consumer protection, even if it means killing AI and maintaining status quo.

Because any AI company would be hit by hate and regulation derived from this, no VC invests in the EU. It's more state and large enterprise investments, good old East Germany style. And historically it has not been that efficient.

Or simply: lack of risk taking appetite.