Bpifrance's director, Nicolas Dufourcq, warns that Europe is overwhelmed by Chinese and American influence, urgently needing private capital to support essential industries.

Nicolas Dufourcq, the director of the French state investment bank, Bpifrance, emphasized that Europe is "double-colonized" by China and the USA, being unable to support its own essential industries. He highlighted that capital funds in Europe are largely invested in conservative assets and do not support local innovators. Dufourcq called for a cultural change to encourage risky investments in deep tech, emphasizing that state intervention is not enough to counteract these trends.