Research minister Bettina Stark-Watzinger believes that Europe's regulatory framework, which emphasizes privacy and personal safety, could attract AI players to Germany. She also sees the country's transparent, trustworthy, and explainable AI as a competitive advantage. Although Germany's number of AI startups has doubled in 2023, it still ranks ninth globally.
Key takeaways:
- Germany plans to almost double its public funding for artificial intelligence research to nearly a billion euros over the next two years, aiming to close a skills gap with sector leaders China and the United States.
- The country plans to create 150 new university labs for AI research, expand data centres and make complex public data sets accessible for AI techniques.
- Despite private AI spending in the U.S. being significantly higher, Germany's emerging regulatory framework, which emphasizes privacy and personal safety, could attract players to the country.
- Germany's number of AI startups has doubled in 2023, but it still only ranks ninth globally in terms of AI startup numbers.