Ralf Haller, Executive Vice President Sales & Marketing at NNAISENSE | Image credit: NNAISENSE
Europe was able to hold its own in the first three industrial revolutions – but it’s lagging behind in the fourth. Industry 4.0 is being built on fast, wireless communications, information processing, and artificial intelligence. So far the US and China lead in AI, and Europe is in danger of becoming a “technology also-ran.”
According to a report by the American Center for Data Innovation, Europe is lagging behind the US and China when it comes to AI across all metrics, including talent acquisition, research in AI, enterprise development, adoption of AI, data, and hardware.
Recently, the winners of the 2021 Future Hamburg Award were announced.
As AI is the 21st century’s key to industrial production and information technology, falling behind in this crucial area will harm Europe’s economy and standard of living. To avoid this fate, Europe needs to examine where it is going wrong, and what can be done to get back on the right track.
So what’s going wrong?
European tech talent prefers to work in the US: Statistics gathered by the Paulson Institute’s MacroPolo project shows that Europe produces 18% of the world’s top-tier AI researchers – but that only 10% of those researchers work in Europe, which means that nearly half…
