Euroviews. Europe has lost the AI race. It can't ignore the quantum computing one

Europe has become known as a second-place destination for business, and more recently, innovation. 

Disruptive technologies like AI have hailed from the United States for decades with no European challenger in sight. 

However, when a four-week-old French AI startup secured €105 million for its seed round, it demonstrated that Europe isn’t as disadvantaged as people think. While AI is a saturated market, quantum computing can allow Europe to survive in a century ruled by China and the US. 

Quantum computing will be the foundation for developing AI that can have the ability to solve real-world problems. That is why Europe must aggressively discover more user applications and increase quantum talent before its competition does.

The European Union is known for many things, but business isn’t its speciality, especially in comparison to the US. 

In addition to having a massive population and landmass, the United States has defined innovation for decades. Whether we’re speaking about Silicon Valley, Wall Street, or Hollywood, America has achieved rapid growth and quality before many others.

According to IBM, quantum computing is a "rapidly emerging technology that harnesses the laws of quantum mechanics to solve problems too complex for classical computers."

Quantum computing is meant to solve the problems that normal computers can’t. These machines offer more power, speed, and accuracy by storing and processing information in multiple states. 

This means one-dimensional binary digits (the 1’s and 0’s) can be run simultaneously in a quantum computer. But the sensitivity of qubits has kept the tech from fully advancing.

In 2022 alone, quantum technology received $2.35 billion (€2.15bn) in investment, since it is crucial for our