ECB official calls for European AI strategy
Plan required to keep European firms competitive, ECB board member Cipollone says
The eurozone is trailing the US in artificial intelligence (AI), necessitating a more co-ordinated strategy, European Central Bank (ECB) board member Pierro Cipollone has said.
Cipollone compared AI to the steam engine, electricity and the computer, as it has “the potential to transform our economies in the long run”.
But the US leads Europe in private investment, patent applications and journal publications, the ECB official said in Rome on July 4. This is reflected in the skyrocketing value of
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