Friday’s roundtable of European leaders in Dublin must reckon with the reality that the pursuit of AI superiority remains a two-horse race between the U.S. and China — and that Nvidia's leadership drama doesn’t change the fact that a single American company’s chips will continue to drive the artificial intelligence boom.

With the meeting meant to help forge a new direction for Europe on AI, leaders will mostly be in listening mode, with presentations by Arthur Mensch, CEO of French AI company Mistral, and computer scientist Geoffrey Hinton, considered one of the “godfathers of AI” and an advocate for more stringent safety measures. 

“We’re not going to pretend that we are experts,” an EU official said.

The session comes as Europe struggles to find its place in global AI. The rise of advanced U.S.-built proprietary models and open-weight artificial intelligence progress in China has created a new range of national security issues — and while the EU has proven to be a leader in regulating the technology, its own would-be frontier AI labs continue to play catch-up.

Although this week’s events are a reminder to European politicians that they are spectators in the AI race, an emerging split between top industry leaders in Europe is also dampening momentum on a bloc-wide effort to take on the competition.

“Switching dependency from California to France doesn’t solve Europe’s sovereignty problem, right?” Uljan Sharka, CEO of leading Italian company Domyn, said in an interview.