I got a feeling that there's a bunch of European politicians having a FOMO and are way too influenced by AI influencers that post stuff like "It's over", "Bye Bye Hollywood", "17 hours ago OpenAI launched it and this changes everything".
I recall bunch of those also having a FOMO for NFTs and having NFT events in the commission premises.
Probably its O.K. as long as they don't spend consequential money on this stuff. They should just watch the US more closely, keep announcing 600B Euros investment every few weeks and do nothing about it. Make VW invest 5B Euros for AI self driving in Mistral then Mistral buying shares from VW with that money, do some questionable self driving demos etc.
Eurocrats are clueless, they are trying to have something that very small number of people show interest in. What they should really do, IMHO, is to reduce friction induced by bureaucracy and that's it. Contrary to the popular narrative EU is a force for reducing bureaucracy, as the Brits found out when left EU. The idea is that EU coordinates the 27 states to create ruleset that are more or less aligned so there's not too much paperwork when trading between those 27 countries. Unfortunately this is still not good enough and they are working to create the 28th regime which is supposed to be something like streamlined ruleset that bypasses the local ones so that companies can grow in a market of 27 countries without dealing with 27 set of laws. That's when EU can have an actual AI thing because the current state of AI is just bunch of capitalists juggling money and credit among themselves to keep alive this interesting technology that looks promising but doesn't actually accomplish something yet. If EU will have anything of this sort they need a place to hold these capital gymnastics.
This particular "Apply AI" strategy seems to stem from the idea that AI does some great things and EU industry should adopt it to increase productivity and not fall behind. Pure FOMO, considering that studies show very limited gains through use of AI so far.