EU has the talent but not the ability due to structural issues and fragmentation.
And even if they solved that (it will take them 40 years of bickering), it’s not something you can top-down create, unless you want the AI equivalent of the Yugo.
China has the drive and the ability. It’s communist in name only, and has truly turned into a hyper-capitalist super producer (less government spending as % of GDP than even the US).
It will beat out both the EU and US and sweep both the digital economy (the US’s golden goose) and industrial economy (the EU’s golden goose) over the next 20 years.