Austria falls significantly behind in the field of artificial intelligence

As an industrialist, Hannes Androsch is a firm believer in the transformative power of artificial intelligence (AI). He predicts that AI will have a profound impact on all aspects of life in the near future. While he acknowledges that the current excitement surrounding AI may be overstated, he emphasizes the importance of preparing for its potential influence.

Androsch believes that Europe, including Austria, is falling behind the United States and China in terms of AI research and training. To catch up with global leaders, he advocates for increased investment in these areas. He also criticizes the slow funding process for research in Austria, which puts them at a disadvantage in this fast-moving field.

Private investors such as the co-founders of NXAI are investing in basic research in Europe, but Androsch calls for more future-oriented economic policies that support innovation and technologies like AI, microelectronics, and biotechnology.

Clemens Wasner from AI Austria agrees with Androsch that basic research in the digital world is increasingly connected to practical applications. He highlights the rapid development and market success of AI models and urges Austria to adapt to these advancements.

Androsch is critical of Austria’s current economic policy, arguing that funds and subsidies are being spent on maintenance rather than innovation. He expresses skepticism about any immediate improvements and believes that political statements regarding elections do not address this issue.

In conclusion, it is clear that significant changes are needed in Austria’s research, training, and economic policies if they are to keep pace with global advancements in AI and other technological innovations.

By Editor

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