Deeptech/Artificial Intelligence/Analysis/ Europe is losing the AI race Research in to artificial intelligence is led by institutions and companies in China, the US and South Korea. By Michael Stothard 31 January 2019 \Deeptech Who are the few “real” defence investors in Europe? Sifted asked the experts By Mimi Billing 23 February 2023 Deeptech/Artificial Intelligence/Analysis/ Europe is losing the AI race Research in to artificial intelligence is led by institutions and companies in China, the US and South Korea. By Michael Stothard 31 January 2019 Europe is falling behind in the global AI race with research in the sector overwhelmingly dominated by the US and Asia. Figures from the World Intellectual Property Organisation on Thursday said that there had been a surge of AI patent applications globally, with annual filings nearly tripling from 2013 to 2017. But this research was dominated by institutions and companies in China, the US and South Korea. Of the top 167 universities and public research institutions for patents, only four are in Europe. The report adds weight to comments by Kai-fu Lee, the ex-president of Google China and prominent venture capitalist and AI expert, who told Sifted that Europe isn’t even in the running for “bronze medal” in the AI race at the moment. He determined that Europe has none of the success factors like the US or China, suggesting that Europe is lacking a VC-entrepreneur ecosystem; successful consumer internet companies, social media companies, or huge mobile application companies that can drive artificial intelligence advancements, and a lack of governmental support to win the AI race. European AI experts speaking at the European Commission’s policy forum on artificial intelligence, Futurium, however, disagreed, suggesting that AI in Europe shouldn’t be discounted. Still, Europe’s AI problem has led to mounting concern in Europe. French president Emmanuel Macron and the European Commission have both made a push to increase spending— although with so far mixed results. Europe spent about $3bn-$4bn on AI in 2016, while investment in North America was $23bn, according to McKinsey Global Institute. Commenting on the WIPO report on Thursday Paul Nemitz, a principal adviser in the European Commission, said: “Fierce international competition requires coordinated action for the EU to be at the forefront of AI development and use.” A separate report from World Economic Forum earlier this month said that developing and diffusing AI could be worth €2.7tn to European economic output by 2030 — if Europe can get it right. Of the four European public research organisations that do feature on the WIPO list of top AI patent fillers, the highest-placed is the German Fraunhofer Institute, which is ranked 159th, while the French Alternative Energies and Atomic Energy Commission (CEA) is in 185th position. Related Articles This Hungarian startup is using off-the-shelf cameras and chips to kit out its self-driving cars By Kit Gillet in Bucharest Click here to read more Portuguese Smartex raises $24.7m Series A to modernise clothes factories By Mimi Billing Click here to read more TL;DR: How clever is AI chatbot ChatGPT — and will it take over the world? By Kai Nicol-Schwarz Click here to read more AI takes on the growing bed bug problem By Maija Palmer Click here to read more Most Read 1 \Healthtech Is Daniel Ek’s new body scanner worth the hype? Sifted tried it out 2 \Venture Capital VC diversity needs to change — and white men need to take responsibility 3 \Venture Capital New €3.75bn European Investment Fund pot to back late-stage VCs 4 \Sustainability Counteract closes £15m fund for carbon removal solutions 5 \Mobility Was the $5bn that VCs plugged into escooters worth it?
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