The BDI calls for the promotion of AI startups
The Federation of German Industries warns: Unless Germany ups its game with AI development, companies risk being at a competitive disadvantage. More investment and knowledge transfer is needed.
12 Jun 2018 David SchahinianShare
More money also needs to be invested in research and development, ideally in conjunction with the EU Member States and the European Commission, whereby the inherent strengths lie in “the Franco-German engine”, as well as in the European Single Market and its companies. Yet, while currently “only” €2.4 billion in private investments are made in AI in Europe, this figure is considerably higher in North America. According to the BDI, economic development schemes could mobilize more money in the private sector.
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