February 24, 2024 11:53 am
Austria falls significantly behind in the field of artificial intelligence

Hannes Androsch, an industrialist, believes that the impact of artificial intelligence (AI) will be significant in all areas of life in the near future. While he acknowledges that the current excitement about the topic may be exaggerated, he stresses the importance of preparing for its influence.

Androsch points out that Europe, including Austria, is behind the Americans and Chinese in terms of research and training in AI. He emphasizes the need for great efforts in these areas to catch up with global leaders.

In addition to his concerns about research and training, Androsch is also critical of the lack of support for schools and research spending in Austria. He notes that the funding process for research in Austria is far too slow, putting them at a disadvantage in the fast-moving field of AI.

Private investors like those who co-founded NXAI have been investing in basic research, but Androsch calls for a more future-promoting economic policy that supports innovations and technologies such as AI, microelectronics, and biotechnology.

Clemens Wasner from AI Austria agrees with Androsch’s concerns about funding for research and development. He emphasizes that basic research in the digital world is no longer far removed from actual applications. Wasner points to the rapid development and mass market success of AI models as evidence of this shift.

Androsch is skeptical about any near-term improvements to economic policy in Austria, believing that political statements regarding elections do not address this issue. In conclusion, he believes that significant improvements are needed in research, training

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