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Home AI Article

Germany Grants €1B to Promote Its AI ‘Made in Europe’ Policies
(Synopsis)

by ainewsarticles
September 1, 2023
in AI Article, Business, Favorite, Government & Law, Grant & Philanthropy, Nation & World, Science, Science & Technology, Society
Reading Time: 1 min read
Germany Grants €1B to Promote Its AI ‘Made in Europe’ Policies
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Following the UK’s lead, the German government announced that it will increase its funding for artificial intelligence research. The funding amount is now nearly €1B, which is much less compared to the $3.3B (€3.04B) that the US allocated to the field last year. The Federal Ministry for Education and Research stated that AI is a significant technology that provides immense opportunities for science, growth, prosperity, competitiveness, and social value. It emphasized the importance of securing technological control over AI and asserting Germany and Europe’s leading position in an AI-driven world. Germany’s funding now matches that of the EU, which has committed €1B annually to AI research through the Horizon Europe program. The European Commission aims to reach an annual investment volume of €20B by mobilizing additional funds from the private sector and member states. The Federal Research Ministry presented Germany’s Artificial Intelligence Action Plan, emphasizing the need to align academic practices with security interests.

With the increased funding, Germany aims to establish 150 new university laboratories dedicated to AI research, expand data centers, and improve access to datasets for training advanced AI models. The goal is to convert the research and skills into tangible economic success and societal benefits. The government also hopes to showcase the unique selling points of AI “Made in Germany” or “Made in Europe,” highlighting the principles of data explainability, trustworthiness, and transparency as a competitive advantage. This advantage becomes more significant as AI regulations are being developed.

 

 

The ainewsarticles.com article you just read is a brief synopsis; the original article can be found here: Read the Full Article…

 

 

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