There is no doubt that artificial intelligence (AI) will be a significant driver of Europe’s economic success over the coming decade. What is less clear, however, is how we can capitalise on this new technology, and its potential to solve many of society’s biggest challenges.
Tata Steel is set to cut 3,000 jobs in Europe. The Indian-owned company says issues of global oversupply and stagnant EU demand have been “compounded by trade conflicts which have turned the European market into a dumping ground for the world’s excess steel capacity”. The announcement comes two months after the steel giant said it planned to shutter two UK operations, jeopardising 400 jobs. In May, the EU blocked a merger between Tata Steel and German rival Thyssenkrupp.