Europe Lags in AI Investment, Needs to "Step Up" Says McKinsey's Kim Baroudy
Artificial Intelligence
M
Moneycontrol•22-01-2026, 12:57
Europe Lags in AI Investment, Needs to "Step Up" Says McKinsey's Kim Baroudy
- •Kim Baroudy of McKinsey highlights Europe's significantly lower investment in AI and technology compared to other regions.
- •Despite stringent regulations, Europe's regulated industries (banking, pharma) show more AI ambition than US/Asia counterparts.
- •Baroudy emphasizes the need for more investment in Europe, stating it's not a capital access issue but a need to accelerate.
- •Europe is slow in building data center capacity, with Asia having 3X and the US 5X more gigawatts.
- •80% of companies invest significantly in AI, with 92% planning further investment, despite current limited balance sheet impact.
Why It Matters: Europe must significantly increase its AI and technology investments to compete globally, despite strong regulatory ambition.
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