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Artificial Intelligence
The European strategy
Speaking in April, Henna Virkkunen, European Commission vice president for technology sovereignty, said the AI race is far from over. She presented a plan to build five gigafactories in Europe, noting “Of course, the US has the large technology companies, and China has its own vision, but in the EU, we must take advantage of our own strengths.” Virkkunen said the commission is aiming to mobilise EUR200bn (US$227bn) in public-private partnership investment for AI. This would include spending some EUR20bn (US$22.7bn) on the five gigafactories, a term invented by Elon Musk to describe major battery production plants.
- Introduction
- The slow-burn rise in AI
- Case studies: what is AI being used for in LAC?
- Is Latin America ready?
- The opportunity and risks of AI
- AI in LAC, as seen by ChatGPT.
- Quantifying the gains
- Will the bots destroy Latin American jobs?
- The big AI obstacle in LAC: labour informality
- The DeepSeek challenge
- The promise of Latam-GPT
- Rising data centre energy demand
- The European strategy
- Latin America faces regulatory challenges
- Brazil: pushing new legislation
- Mexico: slow development
- Chile: leader in regulation
- Argentina: seeking low regulation to attract investors
- Colombia: more than half the country’s companies are investing in AI
- Conclusion – a game of high stakes