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Germany commended for AI vision by intergovernmental organisation

Written by Fri 14 Jun 2024

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The Organisation for Economic Co-operation and Development (OECD) found Germany was a world-class environment for artificial intelligence (AI).

The OECD study called ‘Artificial Intelligence Review of Germany’ praised Germany’s economy for demonstrating vision and leadership in becoming one of the first countries to adopt a national AI strategy in 2018.

The OECD report said AI can help accelerate decarbonisation in energy, transport industry, and agriculture.

“Germany is poised to be a global leader in AI and environmental sustainability, given its well-funded initiatives, world-leading researchers and innovative companies,” added the report.

The OECD also identified German companies’ interest in and the use of AI was rising. It also underscored areas where AI could be deployed, including the public sector and healthcare.

The German Foreign Office said there are more than 40 national and regional state programmes to assist AI firms, particularly SMEs. The German national Government will invest at least £1.3 billion ($1.7 billion) in AI by 2025. The data platform Statista projects annual growth in the sector to average 28.64% in the years to come.

“The OECD report confirms that Germany is going to be at the heart of the further global AI development, making the country an attractive business location for companies working in the field,” said Robert Hermann, CEO at Germany Trade & Invest.

Hermann added that it was no accident that the AI companies Aleph Alpha, DeepL, and Helsing were among the German-based unicorns minted in 2023.

“At the same time, the study also makes it clear that there is plenty of room in the sector for international companies to come to Germany and achieve success. 

Hermann said because of Germany’s strict data privacy standards, firms can be confident that solutions developed here will be compatible with standards around the world.

In March, the Sustainable Economic Efficiency through Digitalisation (SEED) Index, by Accenture on behalf of the Vodafone Institute for Society and Communication, found companies in Germany are using only half the potential of digital technologies to reduce their carbon emissions or increase profits, according to a new study.

The index measures how well German companies use digital technology to reduce carbon emissions or increase profitability. Last year, the SEED Index found German companies scored 53 out of a potential 100 points for digitalisation.

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Written by Fri 14 Jun 2024

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