Emmanuel Macron

Even if science is a global approach and cooperation between academics and researchers all over the world is what makes sense and not just one country.

But we do have this culture of research, invention, entrepreneurship as well.

as always, remind people that entrepreneur is a French word.

And it was taken by the English language, but entrepreneur is a French word.

And we are still extremely active.

If you take in Europe, probably the two main ecosystem in terms of innovation, startups, AI, quantum, are France and UK, largely heard of the others.

And if you take...

math and a lot of disciplines, we are still in a very good position.

But it's true that when you look at the tech sector, it's largely driven by the US.

I mean, these big seven companies and the Chinese companies.

Why?

First, you have a question of scale.

I really believe that

Europe is the right approach.

And still in the digital sector, but in a lot of sectors, we are too much fragmented.

So I think the missing point is first scale, not just for the French, but for all the Europeans.

So we have to finalize, to strengthen our single market, to be sure that your domestic market is a 450 million inhabitants market, meaning Europe and not just France.

Second, capital.

In the U.S., you have a lot of capital, a lot of deep pockets, so they invest a lot of money.

And the paradox is that in Europe, you have a lot of savings, much more than in the U.S., but this saving is not properly invested because of too many regulations in the bank and insurance sector and the structure of our financing system, which is unadapted to the tech industry because we are...