Bundesbank speech urges Europe to build AI capacity

Deutsche Bundesbank President Joachim Nagel delivered a speech in Berlin arguing that Europe should deepen integration and invest in AI-related infrastructure to become a major technological player.

• Nagel said Europe needs more venture capital, enough computing capacity, and integrated markets to scale AI firms, including investment in data centers, energy grids, and secure electricity supply at competitive prices.
• He linked Europe’s future competitiveness to the single market, cross-border interconnections, and the digital euro, and cited the Stanford AI Index Report 2026 and other 2026 references as supporting context.