The European Union's commitments align with Germany's increased investment in AI research, with the EU pledging $1.08 billion a year towards AI research through the Horizon Europe initiative. The Federal Ministry for Education and Research highlighted the importance of AI as a "key technology" with potential for advancements in various sectors. Germany's decision to boost funding and leverage its legal framework highlights its strategic effort to compete in the global AI landscape.
Key takeaways:
- Germany plans to triple public financing for AI research to nearly a billion euros over the next two years, aiming to catch up to global leaders like China and the US.
- The strategy includes building 150 new university laboratories for AI research, expanding data centers, and opening up large public data sets to AI-driven insights.
- Despite the country not having the same number of IT heavyweights as the United States, German AI startups are projected to double in size by 2023.
- Germany's increased investment in AI research aligns with the European Union's pledges, which has committed $1.08 billion a year towards AI research through the Horizon Europe initiative.