You mean the west handed their industry to china over the last 15 years? Its not like the US is any better off in this. The EU is not a country, so you can't talk about it as if it was. Each country has their own companies and industries. There is AI in Europe, and its growing, however we might not be as "energetic" about destroying our countries to build giant data centers to serve our billionaire overlords. That does not mean that there is no investment, there is, including a bunch of American corporations like Amazon. But there is also a lot of corruption and bribing (lobbying - lets call it what it really is, no more whitewashing) going on around that too.

So again, stop referring to EU as a country, we are not, and it just annoys any Europeans as it comes of as "Americans who don't understand the world outside of the USA".