Competitiveness and tech

Why Europe has no Google or AI giants of its own and whether it will catch up with the US.

• Why is Europe falling behind the US economy?

  The output gap has grown from 17 to about 30 percent since 2002. Which numbers are real, which flatter America and what Europe is doing about it.

• Why does Europe have no Google?

  Nokia, Skype, DeepMind and ARM were all born in Europe and scaled in America. Three structural reasons European firms stop growing – and the obvious fix.

• Why does Europe have no AI giants?

  US private AI investment ran fourteen times Europe’s in 2025. Where the money and compute gaps come from, what Mistral proves and what would change the odds.

• Will Europe catch up with America?

  On current trends the gap keeps widening to 2035. Three scenarios, the reform math and the cards Europe still holds – an honest forecast.