European Central Bank Chief Economist Philip R. Lane stated that AI offers a significant opportunity to improve global living standards and productivity, but Europe faces challenges and lags behind the US and East Asia in AI development and adoption. Lane noted that euro area firms are set to dedicate about 10% of their total investment to AI this year, and 64% of firms reported using AI experimentally or moderately in Q4 2025, with 7% using it significantly. The proportion of workers using AI in Europe has doubled over the last two years, reaching 52% from 26% in 2024. However, digital investment in the US has grown twice as fast as in the euro area over the past two years, and US workers spend two to three times more working week hours using AI. In terms of AI frontier models, the US and China have produced 59 and 35 notable models respectively, while France and the UK have produced one each. The US also hosts 75% of global AI computing capacity.