Austria falls significantly behind in the field of artificial intelligence

Austrian Industrialist Criticizes Economy for Lagging Behind in AI Research and Calls for More Investment in Innovative Technologies

AI is expected to have a major impact on all aspects of life in the near future, says industrialist Hannes Androsch. While he believes the current excitement about the topic may be overblown, he stresses the importance of preparing for its influence. Androsch also highlights that Europe, including Austria, lags behind the Americans and Chinese in terms of AI research and training. He emphasizes that great efforts are needed to catch up with global leaders in these areas.

Androsch criticizes the lack of support for schools and research spending in Austria. He also points out that the funding process for research in Austria is too slow, putting them at a disadvantage in the fast-moving field of AI. Private investors, such as NXAI co-founders, have been investing in basic research, which Androsch sees as unique in Europe. However, he calls for a more future-promoting economic policy that supports innovations and technologies like AI, microelectronics, and biotechnology.

Clemens Wasner of AI Austria emphasizes that basic research in the digital world is no longer far removed from actual applications. He points to the rapid development and mass market success of AI models, urging Austria to adapt and wake up to the pace of advancements in the field.

Androsch criticizes Austrian economic policy, noting that funds and subsidies are being spent on structural maintenance rather than promoting innovation. He expresses skepticism about any near-term improvement and believes political statements regarding elections do not address this issue. In conclusion, it is clear that significant improvements are needed in research, training, and economic policy to keep up with global advancements in AI and other technological innovations.

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