Germany boosts AI funding to compete globally

Germany plans to double its AI research funding to one billion euros over two years.

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This move aims to close the AI skills gap with China and the U.S.

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In comparison, the U.S. spent $3.3 billion on AI research in 2022.

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Germany intends to create 150 new AI research labs and expand data centers.

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They will also make complex public data more accessible for AI development.

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Despite this effort, the U.S. private AI spending in 2022 was $47.4 billion.

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Germany hopes its privacy-focused regulatory framework will attract AI players.

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Collaboration within the European Union is another key strategy.

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Germany's AI startup ecosystem has doubled in 2023, but it ranks ninth globally.

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