Another issue is that modern AI is notoriously energy-intensive.
Because of policy choices over the past several decades, as well as the ongoing war with Russia, the EU is already struggling to provide enough energy for its existing industry. There just isn’t any slack left for a newcomer.
This is a relatively recent (2022) comparison of the Industrial electricity prices including taxes:
Because of policy choices over the past several decades, as well as the ongoing war with Russia, the EU is already struggling to provide enough energy for its existing industry. There just isn’t any slack left for a newcomer.
This is a relatively recent (2022) comparison of the Industrial electricity prices including taxes:
https://www.gov.uk/government/statistical-data-sets/internat...
Roughly, electricity for industrial uses is 50% more expensive in France that in the USA.
In Germany, it is over 120% more expensive.
In the UK, over 150%.