Completed for the European Economic and Social Committee (EESC), this report examines the burgeoning generative artificial intelligence (GenAI) and foundation models landscape within the EU, and analyses its impact, technological advancements, and regulatory implications. It details the GenAI value chain, identifying key players and investment trends, revealing a significant US dominance. It then explores GenAI applications across various sectors (automotive, renewable energy and education), highlighting opportunities and challenges.
A SWOT analysis assesses the EU’s position as both a producer and as a user of GenAI. The report provides policy recommendations for fostering a competitive, ethical and inclusive European AI ecosystem, including identifying needs for increased investment, more skills development, and greater regulatory clarity, as well as a need for enhanced collaboration with civil society organisations.
