Reported about 1 year ago
A recent analysis by Germany's KfW Development Bank highlights Germany's lagging position in converting research advancements in artificial intelligence into practical applications, compared to leading AI innovators like the U.S. and China. The report raises concerns about the country's growing reliance on a few powerful foreign AI service providers due to the imbalance between imports and exports of AI-related products and services. Issues like bureaucratic hurdles, lack of investment environment, and brain drain of top AI talents overseas are contributing to Germany's struggle in the AI field, as evidenced by the country's low share of global AI patents. Suggestions for Germany include increasing investments for AI research, enhancing training opportunities, and creating open-source data sets to boost the local AI ecosystem.
Source: YAHOO