If you were asked to bet on who will lead the world in Artificial Intelligence by 2030, which country would you pick? China, the United States, India? It is difficult to imagine that one would bet on Europe. If this is the case for you, this article might change your mind.
The article aims to show the gap between Europe and the rest of the world in terms of investments, research and development concerning A.I. It will also estimate the best approach to the question “Can Europe catch up on A.I.?”.
In order to make our quick analysis, we are going to follow the path of a Deutsche Bank Research paper published at the beginning of 2020, titled “(How) will the EU become an A.I. superstar?” and two McKinsey reports, “Notes from the AI frontier: Tackling Europe’s gap in digital and AI” and “How nine digital frontrunners can lead on AI in Europe”.
One of the most important preconditions for the spread of A.I. is the advancement and adoption of digital technologies. Europe’s digital gap, which is visible in exhibit 1 of McKinsey report (showing the percentage of digital ICT on GDP for USA, CH, EU), risks to critically affect its chances of playing a significant role on A.I. Source: McKinsey