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.