I get what you are saying, but one of the core benefits of the EU is the freedom of movement and residence so I don't think not having a remote work policy is disqualifying them from being an EU AI company.
I'm not into traveling but i'm pretty sure i can grab a plane/train/bus/whatever and go any EU city i feel like.
Or am I missing something?
Caveat, my point of view is limited/blinkered, I've worked with a lot of expats / european migrants but I do think they're the more adventurous types who don't want to settle down somewhere yet. Happy to live in an apartment for a few years and take in the culture type of people.
Same with AI. The business model is: spend massive amounts of money -> ??? -> success. Besides a handful of exceptions growing EU tech rarely were able to obtain enough funding without moving to the US.
I think we should use AI to fix this. Wait...