Germany boosts AI funding to compete globally

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

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

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

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

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

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

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

Collaboration within the European Union is another key strategy.

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