Europe risks 'century of humiliation' in tech race without more investment, Graphcore CEO warns

European tech startups like Graphcore would be more successful in the U.S. due to more investment and support for computing tech, says its CEO Nigel Toon.

Toon warns the U.K. and Europe risk "a century of humiliation" if they don't invest more in new technology.

U.K. Prime Minister Sunak wants to make the U.K. a leader in AI regulation, hosting a summit next week.

Some industry leaders warn over-regulation in Europe could slow AI progress and cause startups to fall behind.

EU AI regulations will add red tape that may drive startups out of Europe to avoid compliance headaches, says Digital Poland's managing director.