Edition October 31, 2026

Philip R. Lane on AI adoption in Europe

Philip R. Lane describes AI investment and Europe's role in the technology's supply chain as current drivers of eurozone growth.

In the ECB's household survey, 52 per cent of workers now report using AI at work, compared with 26 per cent in 2024. Investment that can serve as collateral draws external financing, whereas firms tend to fund less tangible spending from their own resources. Lane also highlights rising cyber risks for banks as AI exposes vulnerabilities that were previously hidden. Adoption remains at an early stage, and the scale and timing of its economy-wide effects are still uncertain.

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