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 cooperation within the European Union and simpler regulations as potential incentives for private research spending. Despite private AI spending in the U.S. reaching $47.4 billion in 2022, Stark-Watzinger asserts that Germany's approach to AI, which is explainable, trustworthy, and transparent, gives it a competitive advantage.
Key takeaways:
- Germany plans to nearly double its public funding for artificial intelligence research to almost a billion euros over the next two years to close a skills gap with China and the U.S.
- The country aims to create 150 new university labs for AI research, expand data centres and make complex public data sets accessible.
- Germany's AI spending is significantly lower than that of the U.S., which spent $3.3 billion on AI research in 2022, and private AI spending in the U.S. reached $47.4 billion in the same year.
- Research minister Bettina Stark-Watzinger believes that Europe's regulatory framework, which emphasizes privacy and personal safety, could attract AI players to Germany, along with cooperation within the European Union.