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Of all digital technologies, Artificial Intelligence (AI) is potentially the one that could have a deeper impact on the political, economic and social transformation process we are currently experiencing. Before this wide range of opportunities, there is a strong competition among world powers to dominate AI's technologic development and the EU should be mindful of what is really at stake. How is the EU framing its AI policies? Is the EU equipped to influence the global competition? What are the future scenarios?