Indeed, forcing Europeans to stay in Europe might be the only thing that could revive the moribund European AI scene
Someone like Saudi Arabia may attract them with untaxed high salaries instead.
Nothing of value is lost for Europe because we mostly work with natural intelligence. The malinvestment bubble happens in the US, and hardware prices will come down.
We're all dependent on Taiwan but others also depend on ASML which is located in Europe. Available AI services are good enough, and we sit and watch while US leadership and population is beta testing AI mass surveillance for us.
In terms of AI-based warfare Ukraine is very much ahead and they are also European for which we are very thankful.
So feel free to keep your AI scene and AI hustlers in the US, we don't need them.
The brain drain goes in the other direction champ. Scientists and engineers are already leaving the US en masse because of the current situation