> What prize do you win? Imagine a world where only one country has AGI/ASI.
"Winning the race" doesn't give you that in any meaningful capacity. It gives you, at the absolute most, a temporary window where that's the case. See: nuclear weapons.
As if time isn't money? Everything is temporary... Getting somewhere first has immense value.
Russia invaded Ukraine specifically because they have nukes. Everyone is afraid to fight back.
Citing nuclear weapons isn't the flex you think it is. There are only 9 countries that have nuclear weapons and they absolutely flex this power over non-nuclear powers (see Ukraine, Germany, SE Asia etc..)
Europe already has an innovation problem that's already causing structural economic instabilities which Germany has been struggling (and lately failing) to prop up.
As much as it pains me to say this, AI is already a tech revolution and it seems like Europe is just ignoring it. There's more innovation in 3 blocks in downtown San Francisco than the entire continent of Europe.