Austria Must Catch Up with Global Leaders in AI and Technological Innovation

Austria’s Artificial Intelligence Development Lags Behind

In the future, artificial intelligence will have a significant impact on all aspects of life, according to industrialist Hannes Androsch. Despite the hype surrounding the topic, Androsch believes it is crucial to prepare for its influence. Europe lags behind the United States and China in this area and emphasizes the need for increased research and training efforts to keep up.

As a former chair of the Research Council, Androsch 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 rapidly evolving AI technologies.

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

Androsch calls for a shift in economic policy towards supporting innovations and technologies such as AI, microelectronics, and biotechnology. He criticizes the current focus on structural maintenance and expresses skepticism about its potential for improvement in the near future. In conclusion, Austria must take decisive steps to catch up with global leaders in research and technological innovation if it wants to remain competitive in the future.

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