Can't speak for Europe given its geopolitical considerations wrt US but India and Russia have permanently lost the AI race. Russia is rich in natural resources and thus still has significant bargaining chips. India will have to mortgage its sovereignty.
Europeans, Russians... now Indians belatedly realizing, bargaining, coping that there's only two players in this game. 🇺🇸🇨🇳
And they're priced out. Forever.