Europe is searching for its place in the AI race—and it may lie in industry. While the first wave of AI has been dominated by consumer platforms, the next is moving into factories, supply chains, and critical infrastructure. This is where Europe—and Germany in particular—has deep roots, but also mounting pressure. Faced with rising energy costs, global competition, and slowing industrial momentum, can AI meaningfully boost productivity and resilience at scale? Where is it already delivering impact and where does it remain stuck in pilots? And how do you connect data, software, and physical systems to turn industrial AI from promise into performance?