Louis Mosley, Palantir’s executive vice president for the U.K. and Europe, cautioned that the region is repeating the same misstep with artificial intelligence that it made with the internet. In an interview with CoinDesk, Mosley said the U.S. “got the internet right,” building a host of businesses and becoming the backbone of the digital economy, whereas Europe “missed the boat.”
The divergence has been stark over the past two decades. Europe and the U.S. were roughly comparable 20 years ago in terms of GDP per capita, capital‑market depth and the scale of their largest companies. Since then, the U.S. has compounded growth while Europe has barely advanced in comparison.
The internet wave produced almost no European champions, with ASML the rare exception, Mosley noted. “It’s by far and away the largest European company. Which is, it tells you that the value is in tech,” he said.
He added that AI will be even more consequential, yet European corporates remain cautious, adopting a “This is new, that means it could be risky. I’ll wait and see” stance.
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