Amid the controversy over valuation bubbles, the President of the European Central Bank still calls on the European Union to "clear obstacles" and fully embrace AI.

European Central Bank President Lagarde stated that Europe's economy should actively embrace artificial intelligence technology and eliminate any obstacles that may hinder its promotion in order to not miss out on the various benefits that this technology brings. Despite some of her colleagues warning against overvaluation of artificial intelligence companies, Lagarde called for a more macro perspective. She noted that large-scale investment waves, including cyclical fluctuations, are not uncommon. She also cited evidence indicating that the speed of economic outcomes this time will be faster than in previous instances of technological advancements. She said on Monday, "If we are indeed on this path - and I believe we are - Europe needs to adjust its strategy accordingly. We need to remove all obstacles that stand in the way of this transformation. Otherwise, we risk missing out on the wave of artificial intelligence applications, thereby jeopardizing Europe's future." These comments highlight how major central banks around the world are working to address the economic impact that artificial intelligence may bring. Federal Reserve officials unanimously believe that the use of artificial intelligence will bring about fundamental changes, but they have not yet explicitly outlined the specific manifestations of these impacts. In Europe, this issue has also become one of the topics of discussion on how to restore economic growth. A report by former ECB President Draghi in 2024 pointed out that one of the key reasons for the region's lagging productivity is the failure to fully leverage the opportunities brought by the first digital revolution. Lagarde stated that the EU should not make the same mistakes again. She added that, even though the US and China are ahead in innovation, rapid dissemination and judicious use of artificial intelligence "can transform a late starting position into a competitive advantage." She said, "If Europe can take decisive action, it is still possible to become a powerful second-tier force. Our goal should not be to surpass those with leading artificial intelligence models, but to fully apply artificial intelligence technology." Faced with external adverse factors including US tariffs and the Russia-Ukraine war, Lagarde has repeatedly called for reform to tap into domestic growth potential. Just last Friday, she urged for more and wiser measures to promote European integration - a concept also reflected in her speech on artificial intelligence. She said, "If we allow energy costs to remain high, if regulatory measures remain fragmented, if capital markets cannot achieve integration and provide large-scale, long-term, and risk-bearing financial support, the development of artificial intelligence will be slower. Ultimately, many of our industries and sectors will face greater risks of losing competitiveness."