Stefan Mileschin

Wants to give the Chinese and Americans a precise run for their money

Germany plans to almost double its public funding for artificial intelligence research to nearly a billion euros over the next two years, as it attempts to close a skills gap with sector leaders China and the United States.

Research minister Bettina Stark-Watzinger admitted that the money is small given that the US spend $3.3 billion on AI research last year. However, it seems that the Germans are doing things a lot more ethically than the rest.

Stark-Watzinger said that Europe's emerging regulatory framework, which places greater weight on privacy and personal safety than those in other regions, could attract players to Germany, as could cooperation within the European Union.

"We have AI that is explainable, trustworthy and transparent. That's a competitive advantage." Simpler regulations would promote private research spending, she added.

The AI push comes as Germany attempts to turn around its economy from a recession while the country's key autos and chemicals industries face stiff competition from upstart electric-vehicle makers and high energy costs.

https://fudzilla.com/news/57479-germ...m-in-ai-market