In mid-2018, I asked in a blog post, “Has Europe lost the AI race?” (1). My answer then: not yet, but we need to do more.
How does it look today, in early 2022?
To be upfront: A lot has happened in Europe and Germany. But not enough.
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​We are living in the decade of artificial intelligence (AI) (see my post here). AI will change every industry in this decade. With the AI Fund we are investing in Applied AI Startups from Europe as many of them are still undervalued.
It seems we are not alone with this view.
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AI startups are not like software startups. We need to understand the specifics of this technology and the associated business models to find the most promising applications – as founders, investors and business leaders.
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The European Comission has presented their proposal on AI regulation last month. It is the first of its kind. I think there is no question that Europe has to find its own way to deal with AI. Trustworthy and human centric AI is a very good approach without question. But the devil is in the details..
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We are already in the middle of the decade of artificial intelligence (AI) and yet this unstoppable technological achievement is often viewed and discussed with skepticism. Is this development really so different from the innovations of the last 50 years that have become an integral part of our current lives and society? I will explains why it is so important, especially for Europe, to understand AI and especially machine learning (ML), and actively promote its use.
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