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Austria’s Artificial Intelligence Development Lags Behind


Feb 11, 2024

Artificial intelligence is expected to have a significant impact on all aspects of life in the future, according to industrialist Hannes Androsch. Despite what some may see as an exaggerated buzz about the topic, Androsch believes it is important to prepare for the influence of AI. He notes that Europe lags behind the United States and China in this area and emphasizes the need for increased research and training efforts to catch up.

Androsch also criticizes the lack of support for schools and research spending in Austria. As the former chair of the Research Council, he has firsthand experience with the challenges facing Austrian research funding. Additionally, Sepp Hochreiter, a co-founder of NXAI, has raised concerns about the slow provision of funds in Austria, particularly in the context of rapidly evolving AI technologies.

Clemens Wasner, a member of the AI Austria board, highlights the rapid pace at which AI technologies are evolving. He stresses the need for Austria to wake up and prioritize future-promoting economic policies, particularly in the areas of innovation and technology.

Androsch calls for a shift in economic policy towards supporting innovations and technologies, including AI, microelectronics, and biotechnology. He criticizes the current focus on structural maintenance and expresses skepticism about the potential for improvement in the near future.

In summary, the influence of AI on society is inevitable, and Austria must take decisive steps to catch up with global leaders in research and technological innovation. The country’s economic policies must shift towards supporting future-focused industries and technologies.

By Editor

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