Europe has been irrelevant since 2008. Basically 0 growth and pensions larger than paychecks. Even if young Europeans had the skills or the desire, which they don't, they wouldn't have the capital.
The US is preparing to siphon most of the EUs wealth with this AI bubble. This title is just one in a long line of smoke and mirrors meant to distract Europeans from the fact that trillions are being spent to build datacenters in the US.
I hope most people have a broader definition of "relevance".
But also besides the point.
Trillions of made-up money.
And really I'm super glad I don't live in the US with the nightmare regime there. Money isn't everything. Things cost a lot less here too. I don't need to have two jobs to pay for rent and healthcare, when I get fired I'm getting welfare. I don't get shot by random civilians carrying guns or even the ICE Gestapo.
Those things really matter too.