Gina Raimondo on How European Industry Is Getting Crushed

Bullish:

• $AIMODELS - Raimondo believes AI will create an explosion of new businesses and jobs despite near-term disruption, with small businesses already seeing productivity gains.

  • “I think when we get to the fifth or sixth inning of this AI revolution, whatever you want to call it, I firmly believe there will be more jobs. I do. I think there will be new industries, new companies, new products and services. I'm an optimist.”

    Gina·21:27

  • “I think you could see an explosion of new small companies. And I'm hearing that from a lot of people. It's much easier to start your own business because of AI tools.”

    Gina·33:40

  • “It was incredible to hear how optimistic they were. You know, I'm using AI and I've doubled my business. I'm able to be so much more productive.”

    Gina·31:49

Bearish:

• $EUROPE - Europe's industrial base is being crushed by Chinese imports and lacks competitive tech companies, with Germany's chemical and auto industries particularly vulnerable.

  • “The Chinese imports to Europe have surged. I can't remember the exact number, but it's like 30% more imports from China to Europe this year, year to date, versus last year. The German industrial base is going to get crushed.”

    Gina·5:39

  • “the damage China is doing right now to their industrial base is significant.”

    Gina·8:00

  • “I personally think it is bad for America and the world and Europe that they have such an anemic technology ecosystem.”

    Gina·10:23