European voices inaudible in Davos: Future of artificial intelligence in danger

European voices inaudible in Davos: Future of artificial intelligence in danger

According to a report by www.faz.net, a depressing reality is revealed in the snowy backdrop of Davos: European voices are almost inaudible when it comes to the future of artificial intelligence. At the World Economic Forum in Davos it became clear that Germans or Europeans were hardly represented at all on the crucial podiums where the future of artificial intelligence (AI) was discussed.

As a financial expert, I see the danger here that Europe could lose touch in the development and marketing of artificial intelligence. If export bans would be helpful, this would have to be used, as Republican Senator Mike Rounds from South Dakota emphasizes. This could lead to European companies no longer being able to keep up with the technological advances of other countries such as the USA and China.

Neglecting European participation in the AI ​​revolution could have a long-term negative impact on the market and financial sector in Europe. It is important that Europe invests and catches up in this area in order to remain competitive and not fall behind. The future of artificial intelligence is an important aspect for the global economy and Europe's absence in this area could have serious consequences.

It is time for Europe to rethink its strategy on artificial intelligence and increase investment in research and development and training of professionals in this area.

If Europe is unable to catch up with the US and China in this area, this could lead to a long-term decline in competitiveness and innovation in the European market. It is crucial that Europe strengthens its role in the AI ​​revolution to avoid this disadvantage.