According to industrialist Hannes Androsch, the future of artificial intelligence will have a profound impact on all aspects of life. While he believes that the current excitement about the topic may be overblown, it’s crucial that we prepare for its potential consequences.
One area where Austria is falling behind is in research and training related to AI. Androsch argues that Europe, including Austria, needs to make significant investments in this field if they want to stay competitive with global leaders like the Americans and Chinese. He also criticizes the slow funding process for research in Austria, which puts them at a disadvantage in the fast-paced world of AI.
Private investors like those behind NXAI are already investing in basic research in Europe, but Androsch calls for a more future-focused economic policy that supports innovations and technologies such as AI, microelectronics, and biotechnology.
Clemens Wasner from AI Austria agrees that basic research in the digital world is becoming increasingly important as AI models become more prevalent and successful in the mass market. He urges Austria to adapt and wake up to the pace of progress in this field.
Androsch also takes issue with current economic policies in Austria, noting that funds and subsidies are often being spent on structural maintenance rather than promoting innovation. He expresses skepticism about any near-term improvements and believes that political statements regarding elections do not adequately address this issue.
In conclusion, it’s clear that significant changes need to be made to research, training, and economic policies in order for Austria to keep up with global advancements in AI and other technological innovations.