FRANKFURT (Reuters) -Europe is jeopardising its own future by missing the boat on artificial intelligence and must quickly remove obstacles that prevent the diffusion of this new technology, European Central Bank President Christine Lagarde said on Monday.

Firms in the U.S. and China are investing heavily in AI, generating a debate on whether this exuberance is fuelling a financial bubble or signalling a technological leap.

“With the United States and China ahead of the field, Europe has already missed the opportunity to be a first mover in AI,” Lagarde said in a speech in Bratislava, Slovakia.

“We still bear the costs of having been slow adopters during the last digital revolution,” the ECB president said. “We risk letting the wave of AI adoption pass us by and jeopardise Europe’s futu

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