European Union spends money on artificial intelligence
According to the EC, the future of the economy belongs to AI. Artificial intelligence is changing our world in a similar way as the steam engine or electricity did in the past – said Andrus Ansip, EC Vice President for the Digital Single Market. Europe wants to be a leader in the upcoming changes, so the Commission decided to increase funding for AI projects by 20 billion euros by the end of 2020.
Many people enjoy the benefits of AI/AI without realizing it. The simplest example: you start your morning run in the park, you turn on the first song, and the application without any interference from your side – based on the playback history – selects the next songs. Artificial intelligence is no longer something futuristic and impossible to achieve. On the contrary. Accompanies us in our daily life, simplifying some processes. AI-enabled systems can perform certain tasks autonomously, saving time and money.
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The EC's decision to increase funding for AI research confirms that AI has great potential. Much of the research in this field already takes place in labs within the Union, and Union companies are responsible for producing 25% of the world's industrial robots. The Commission will support the development of AI through actions at three levels.
For the plan to succeed, the EU public and private sectors need to invest at least €20 billion by 2020. The EU will support it in this.
EU's Horizon 2020, will increase its investment in AI to €1.5 billion between 2018 and 2020. This investment should trigger an additional €2.5 billion in existing public-private partnerships, such as. in the field of big data technology (the so-called. big data) and robotics. These measures will accelerate the development of AI applications in key sectors, from transport to health.
In addition, funds from the European Fund for Strategic Investments will be mobilized. A total of €500 million to be allocated to entrepreneurs and startups.
Member countries must align education systems with labor market conditions. The EC will support the dialogue between companies and the education sector. Will create special training programs using funds from the European Social Fund. It will also seek to attract AI specialists from outside the Old Continent to Europe.
Ethical and legal
The aim is to ensure that the benefits of the technological boom brought by AI are compatible with ethical values and current legal standards. By the end of 2018. The European Commission will develop a Code of Ethics for IS development compliant with the Charter of Fundamental Rights of the European Union.
I believe that the Commission has presented the right course of action. Increased funding for AI/AI looks particularly positive. AI systems are the future of the economy, so the EU, if it really wants to be a leader, has to reckon with the costs and investments. I am glad that the EC is determined to develop legal regulations for new solutions. If we want technology to serve EU citizens, we need to ensure a stable legal and ethical basis for new solutions.