0:00 T-shock dear Mihal for the outstanding
0:03 hospitality and the fantastic atmosphere
0:05 in which we spent the last two days. Um
0:08 we've just wrapped up two intense days
0:11 here in Dublin and I also want to start
0:14 with artificial intelligence. I think we
0:15 had a very good discussion with Arthur
0:17 Menure and Jeffrey Hinton um about the
0:20 enormous opportunities but also about
0:22 the risks. Every generation faces a
0:25 technological turning point that shapes
0:28 the decades ahead. For ours, it is
0:31 artificial intelligence and Europe must
0:33 get it right. [clears throat and cough]
0:36 Let me start with our strength. Europe
0:39 has real advantages. We have
0:41 worldleading industries, a longstanding
0:44 manufacturing tradition, deep scientific
0:47 expertise, and vast amount of valuable
0:50 industrial data. These data are precious
0:54 and we still need to turn them now these
0:57 strength into global leadership. And I
0:59 want to highlight three points. The
1:01 adoption of AI at speed and scale, the
1:04 capacity and sovereignity in our AI tech
1:07 stack and clear rules to build trust.
1:13 Interestingly, Europe leads on the topic
1:18 In 2025, 37% of EU businesses used AI on
1:24 average in the European Union. And if
1:26 you look at the specific member states
1:27 outstanding is Finland with 66% of
1:31 businesses using AI already almost
1:33 double than the US for example. We want
1:37 to continue this trend and accelerate
1:39 the use of AI. So move AI from the
1:43 screen to the real world. And that is
1:46 why earlier this year I appointed Jim
1:49 Snabber, a special envoy for industrial
1:52 art um artificial intelligence. We're
1:55 focusing on five sectors where AI can
1:58 have the biggest value and the biggest
2:01 impact. In each sector, we will deliver
2:04 a vision coupled with concrete actions
2:07 and the per first part of this work will
2:09 come out in two weeks. My second point
2:12 is compute and cloud. Here, Europe needs
2:16 massive compute power. Over the last
2:19 years, we have successfully built
2:21 supercomputing capabilities. You're
2:23 familiar with them. We have opened them
2:26 to our researchers and startups through
2:29 our 19 AI factories across Europe. And
2:33 now we are expanding these AI factories
2:36 to AI gigafactories.
2:39 Seven at the moment being are in the
2:41 planning and we are able to mobilize
2:43 around about 30 billion euros around
2:45 these seven AI gigafactories.
2:48 They will provide the computing
2:49 capacities our startups need to build
2:52 the most advanced AI models.
2:56 More computing capacity will also be key
2:59 for Europe to play a role in the
3:01 development of frontier models, frontier
3:05 And here this brings me to the third
3:08 point in our um agenda for tech
3:13 All this what I've just described needs
3:16 massive investment at least 500 billion
3:20 euros according to our own estimates.
3:24 We have done very well in creating a
3:26 vibrant startup ecosystem. Europe is
3:29 creating more tech startups than the US.
3:32 But many of these startups failed to
3:34 receive the necessary support to scale
3:36 them and this is why we have created the
3:39 scaleup Europe fund which has been a
3:41 great success from the outset. What is
3:44 missing now are the large investments in
3:47 chips, compute and frontier AI and
3:51 therefore we on one hand need to
3:53 complete our savings and investment
3:54 union and attract private investment.
3:58 And of course, our next European budget
4:00 must also reflect this ambition.
4:04 But today, I shared I saw a shared will
4:07 to put forward ideas for funding for tax
4:13 financing and I will follow up with an
4:16 ambitious proposal the next time that we
4:18 are meeting. Finally, I also want to
4:22 shed a light on our excellent discussion
4:25 on Ukraine. Since day one of Russia's
4:28 war of aggression, we have been by
4:30 Ukraine's side financially, militarily,
4:34 and with humanitarian support, and we
4:37 will be there the day after. I very much
4:40 welcome the renewed momentum we have
4:43 right now to move things forward to a
4:45 just and lasting peace.
4:47 A strong European presence is important
4:50 to defend Ukraine's interests and
4:53 European interests and I welcome the
4:56 European team E5 plus the two
4:59 institutions, the Council and the
5:01 Commission. We will support Ukraine and
5:04 safeguard our interests [clears throat]
5:07 as we move towards multilateral
5:09 discussions with the US, Ukraine and
5:10 Russia. Our focus needs to be on ending
5:14 the war and achieving peace for Ukraine.
5:18 With Ukraine and our partners, we need
5:20 to concentrate on our work on various
5:22 strengths. This includes, for example,
5:24 robust and legally binding security
5:26 guarantees and a postwar prosperity
5:29 package. Here, the post-war prosperity
5:32 package. We're not starting from
5:34 scratch. We've been working with our
5:36 partners for many months on this
5:40 And finally, the best way to get Russia
5:42 to the table is to keep up our support
5:44 for Ukraine and to keep maximum pressure
5:47 on Russia. This is why we will soon
5:50 propose our 22nd package of sanctions
5:53 and before the next European Council,
5:55 the commission will put come forward
5:57 with a proposal to close the financing
6:00 gap in Ukraine for 2027.
6:04 Let me be clear, the path to peace will
6:07 not be easy, but we will remain united
6:11 as we've been over the last five years
6:13 in our support for Ukraine and with the
6:16 end goal clear in our minds. Thank you
6:20 very much again, dear Tishak, for the
6:22 hospitality. It was a pleasure to be
6:26 >> Thank you very much. We'll have a few
6:28 minutes to take a few questions. Uh
6:30 today we have interpretation into
6:31 English, French and Irish. So have your
6:33 handsets at hand and the first question
6:36 will go um to the um Irish independent
6:39 Ashley Maloney please.
6:42 >> Thank you very much. A question on
6:43 behalf of all Irish media if you don't
6:45 mind. Um the professor Hinton said he
6:48 was going to deliver a stark warning to
6:50 leaders today when he was talking about
6:52 the meeting particularly analysis that
6:55 >> t-shock dehaul for the outstanding
7:12 Mener and Jeffrey Hinton um about the
7:23 the decades ahead. For ours it is
7:31 [clears throat] Let me start with our
7:32 strength. Europe has real advantages. We
7:36 have worldleading industries, a
7:38 long-standing manufacturing tradition,
7:41 deep scientific expertise and vast
7:44 amount of valuable industrial data.
7:47 These data are precious and we still
7:50 need to turn them now these strength
7:52 into global leadership and I want to
7:55 highlight three points. the adoption of
7:56 AI, its speed and scale, the capacity
7:59 and sovereignity in our AI tech stack,
8:03 and clear rules to build trust. First,
8:08 interestingly, Europe leads on the topic
8:11 of adoption. In 2025, 37% of EU
8:16 businesses used AI on average in the
8:19 European Union. And if you look at the
8:21 specific member states outstanding is
8:23 Finland with 66% of businesses using AI
8:27 already almost double than the US for
8:31 example. We want to continue this trend
8:33 and accelerate the use of AI. So move AI
8:38 from the screen to the real world. And
8:41 that is why earlier this year I
8:43 appointed Jim Snaba, a special envoy for
8:46 industrial art um artificial
8:50 We're focusing on five sectors where AI
8:53 can have the biggest value and the
8:55 biggest impact. In each sector, we will
8:59 deliver a vision coupled with concrete
9:01 actions and the per first part of this
9:04 work will come out in two weeks. My
9:07 second point is comput and cloud. Here,
9:10 Europe needs massive compute power. Over
9:14 the last years, we have successfully
9:15 built supercomputing capabilities.
9:18 You're familiar with them. We have
9:20 opened them to our researchers and
9:22 startups through our 19 AI factories
9:27 across Europe. And now we are expanding
9:29 these AI factories to AI gigafactories.
9:40 these seven AI gigaf factories. They
9:43 will provide the computing capacities
9:45 our startups need to build the most
10:03 point in our um agenda for tax
10:07 sovereignity. All this what I've just
10:09 described needs massive investment at
10:13 least 500 billion euros according to our
10:34 scale up Europe fund which has been a
10:42 chips, compute and frontier AI. And
10:53 And of course our next European budget
10:59 But today I shared I saw a shared will
11:13 are meeting. Finally also want to shed a
11:17 light on our excellent discussion on
11:20 Ukraine. Since day one of Russia's war
11:23 of aggression, we have been by Ukraine's
11:26 side financially, militarily, and with
11:29 humanitarian support, and we will be
11:33 there the day after. I very much welcome
11:36 the renewed momentum we have right now
11:38 to move things forward to a just and
11:54 institutions, the council and the
11:56 commission. We will support Ukraine and
11:59 safeguard our interests. [clears throat]
12:02 As we move towards multilateral
12:05 Russia, our focus needs to be on ending
12:59 Let me be clear. The path to peace will
13:15 very much again, dear T-Shock, for the
13:37 Thank you very much. A question on
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