The EU has totally and utterly failed when it comes to frontier AI. They are out of the running, they won't catch up in time for superintelligence. There literally is not enough compute for sale in the world for them to do so.
They crippled their own domestic entities with the AI Act. (see the Mistral CEO's rant.)
If you want to use frontier models until then, you're gonna use what's available, and that's US models.
Not doing anything and avoiding the mania as much as possible seem to be a winning move.
Not if it prevents you from reaching superintelligence. Then you just become the defacto subject of whichever country gets there first.
But hey, at least you got more regulation passed along the way!
If that is the scenario there is no way the EU, a trade union, can compete anyway so why bother.