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07.07.2024Germany's need for the development of the artificial intelligence industry
Despite the significant contribution of German scientists to AI R&D, KfW Bank believes bureaucratic hurdles and relatively low investment have hampered the progress of the German AI industry in developing real-world applications.
Reported by DW and According to KfW, Germany imports a significantly larger number of AI-related products and services than it exports. This has made the country increasingly reliant on AI services from a handful of powerful companies abroad, raising concerns about its competitiveness in an increasingly AI-driven world.
German scientists are making significant contributions to research on artificial intelligence. But when it comes to translating that research into practical applications, Germany lags behind AI giants like the US and China — and that gap is growing. That’s according to a new analysis by KfW, Germany’s state-owned development bank.
While China has seen a 100-fold increase in patent applications for AI technology since the early 2000s, Germany’s growth has only tripled over the same period. Currently, Germany holds a meager 6% share of global AI patent registrations, far behind China’s 29% and the US’ 27%.
