A recent study reveals that artificial intelligence is rapidly emerging as a new force shaping global trade and contributing to Europe’s growing digital dependence, reports Anadolu.

The study, published by Austrian international credit insurer Acredia in collaboration with Allianz Trade, shows that artificial intelligence is not only transforming technologies, but also supply chains, trade flows and geopolitical dependencies.

According to the study, Europe in particular it risks losing influence within global technological blocs. The authors note that global trade in AI-related goods has nearly quadrupled over the past decade, growing from roughly $1 trillion to $3.8 trillion.

AI-related products and infrastructure now account for about 15 percent of global goods trade. Asia controls much of the value chain, from semiconductors and storage technologies to data centers.

“The global race for artificial intelligence has long been a race for infrastructure, data and economic clout,” Michael Kolb, a member of Acredia’s Executive Board, explains in the study.

“Whoever controls chips, data centers and platforms will also control important parts. of creating global value in the future”, he added.

The study takes a particularly critical view of Europe’s position in the global race for artificial intelligence. While the US is investing billions in cloud infrastructure, computing power and digital platforms, Europe is clearly lagging behind.

According to the analysis, the operational capacity of data centers in Europe is about four times lower than that of the US. At the same time, Europe’s dependence on American technology providers is increasing. Giant American cloud providers already dominate large parts of European cloud and data infrastructure.

The authors of the study warn that as the use of artificial intelligence services increases, billions of euros could flow annually from Europe to American providers. “Europe risks moving from an industrial center to a digital tenant. This dependence affects not only technology, but increasingly also competitiveness, innovation and economic sovereignty,” the authors warned.

According to the authors of the study, political tensions and trade conflicts could have a major impact on prices, availability and supply chains. “Artificial intelligence supply chains are increasingly becoming the geopolitical nerve center of the global economy,” the study points out.

Source: prizrenpost