Europe Needs to Strive For Strategic Autonomy to Face AI Challenges, Telefonica CEO Says -- Market Talk

Dow Jones

06/03

1131 GMT - Europe needs to achieve strategic autonomy to respond to the challenges brought by artificial intelligence, Telefonica CEO Marc Murtra says at Cercle d'Economia in Barcelona. While absolute sovereignty is impossible, achieving strategic autonomy is crucial, he says. Europe currently faces a "gigantic dependency" when it comes to AI and has no sovereignty over microchips, energy, infrastructure and large language models, he adds. Out of the top 50 LLMs globally, 28 are American, 21 are Chinese, and only one--France's Mistral--is European, he notes. ( najat.kantouar@wsj.com)

(END) Dow Jones Newswires

June 03, 2026 07:31 ET (11:31 GMT)

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Europe currently faces a \"gigantic dependency\" when it comes to AI and has no sovereignty over microchips, energy, infrastructure and large language models, he adds. Out of the top 50 LLMs globally, 28 are American, 21 are Chinese, and only one--France's Mistral--is European, he notes. ( najat.kantouar@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 03, 2026 07:31 ET (11:31 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}