Athens, Greece. Freedom Holding Corp. said Europe has an opportunity to establish a significant position in the next phase of artificial intelligence by focusing on applied AI solutions.
The parent company of Freedom24 participated in the 30th Annual Economist Government Roundtable in Athens from July 8 to July 10, where Freedom Capital Markets Head of Technology Research Paul Meeks discussed opportunities for the European economy.
Shift toward applied AI
Meeks said the global market had reached a critical turning point as artificial intelligence moves beyond learning information toward applying knowledge and automatically carrying out complex tasks for users.
While major US technology companies continue to invest billions of dollars in large language models, Europe could secure a role in the digital ecosystem through the application layer of AI, according to Freedom Capital Markets’ assessment.
European strategy
Meeks said specialising in applied AI solutions could support European innovation while reducing exposure to the large capital expenditure required for AI infrastructure development by major US technology companies.
“This is a tremendous opportunity for Europe,” Meeks said.
Regulation and market discussions
In comments to the Athens News Agency, Meeks said future technology-sector regulatory developments were expected to originate from the European Union, citing a fragmented political landscape in the United States.
Freedom Holding Corp. said it is participating in discussions on how technology, regulation and innovation are reshaping European markets. The company said its presence at the Economist Government Roundtable reflected its growing involvement in debates on technology, capital markets and the future of financial services.