Cristina Caffarra in conversation with Luis Garicano on a few salient strands of theย ๐—”๐—œย ๐—ฐ๐—ผ๐—ป๐˜ƒ๐—ฒ๐—ฟ๐˜€๐—ฎ๐˜๐—ถ๐—ผ๐—ปย ๐—ถ๐—ปย ๐—˜๐˜‚๐—ฟ๐—ผ๐—ฝ๐—ฒย today.ย ๐—๐—ผ๐—ฏ ๐—ฑ๐—ฒ๐˜€๐˜๐—ฟ๐˜‚๐—ฐ๐˜๐—ถ๐—ผ๐—ปย โ€“ will โ€œmost white collar jobsโ€ really be โ€œlost in 1-5 yearsโ€ with Agentic AI?ย ๐—›๐—ผ๐˜„ย ๐˜€๐—ผ๐˜ƒ๐—ฒ๐—ฟ๐—ฒ๐—ถ๐—ด๐—ปย ๐˜„๐—ถ๐—น๐—นย ๐—ผ๐˜‚๐—ฟย โ€œ๐˜€๐—ผ๐˜ƒ๐—ฒ๐—ฟ๐—ฒ๐—ถ๐—ด๐—ป ๐—ถ๐—ป๐—ฑ๐˜‚๐˜€๐˜๐—ฟ๐—ถ๐—ฎ๐—นย ๐—”๐—œโ€ย ๐—ฟ๐—ฒ๐—ฎ๐—น๐—น๐˜†ย ๐—ฏ๐—ฒ? If we build on hyperscalersโ€™ platforms, models and compute, how will Europe protect value creation?ย And is this not runningย ๐—ฎ๐—ด๐—ฎ๐—ถ๐—ป๐˜€๐˜ย ๐—ผ๐˜‚๐—ฟย ๐˜€๐—ผ๐˜ƒ๐—ฒ๐—ฟ๐—ฒ๐—ถ๐—ด๐—ป๐˜๐˜†ย ๐—ฑ๐—ฟ๐—ถ๐˜ƒ๐—ฒ,ย ๐—ฝ๐˜‚๐˜€๐—ต๐—ถ๐—ป๐—ดย ๐˜‚๐˜€ย ๐—ณ๐˜‚๐—ฟ๐˜๐—ต๐—ฒ๐—ฟย ๐—ถ๐—ป๐˜๐—ผย ๐—ฑ๐—ฒ๐—ฝ๐—ฒ๐—ป๐—ฑ๐—ฒ๐—ป๐—ฐ๐˜†ย for key swathes of our future industrial base? AI adoption must accelerate at all costs in Europe, but itโ€™s going to be quite a ride. And a reckoning for our sovereignty aspirations.

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