Carlos Torres Vila: “Artificial intelligence gives Europe and Spain a historic opportunity to boost competitiveness”

Source Domain: www.bbva.com

Carlos Torres Vila discussed the recent growth of the Spanish economy compared to the European average, emphasizing the need for increased productivity and competitiveness.
He identified increasing productivity as crucial for both prosperity and the sustainability of the European social model, noting it as a shared challenge across Europe.
Vila stressed the importance of investing in innovation, technology adoption, and deeper integration of the single market to enhance Europe’s competitiveness internationally.
He highlighted artificial intelligence (AI) as a powerful tool to drive productivity and economic opportunity, calling for responsible integration to ensure widespread benefit sharing.
BBVA, under Vila’s leadership, is positioning itself to lead in AI adoption across Europe, driven by investment, long-term vision, and transformative organizational change.
He described AI as an organizational and business transformation that will profoundly change banking by enabling more personalized, proactive, and contextual service delivery.
BBVA is building a strategic AI infrastructure called “The Frame” to support large-scale deployment and governance of AI agents across its operations.
Vila asserted that BBVA is committed to making AI part of its core operations across all processes to effectively leverage this technology for future success.