I'm ok with that. Not every continent/country/economic bloc has to have the same goals. Competing with the US or China in the 'AI race' is a race you're probably going to lose anyway. And it's going to make fuck all difference to the vast majority of the population anyway. Healthcare, education, life/work balance. All much more important and don't require competing in the 'AI race'. The EU has made some missteps with its tech regs but it's worth it to be able to download or delete my data from any service and that's something Americans are also benefiting from as most companies didn't bother geo-locking it.
You could argue economic success has a knock on effect on everything else in a country and it does to some extent. But, while many European countries have their problems socially and politically over the last decade none of them have come anywhere close to the train wreck that is US.