The USA and China are leaders in the development of artificial intelligence. The European Union is far behind
When it comes to the development of artificial intelligence, the European Union has moved towards regulation. However, China and the USA are investing heavily in developing and implementing new solutions.
– The European Union looks quite pale compared to China or the United States. The European Union is a long way from second place. A lot of research, discoveries in the field of algorithms and artificial intelligence solutions in general are being made in Europe, but they are not well commercialized. Secondly, we are not building the scale that the digital single market provides, often overregulating this artificial intelligence sector in individual countries. – says Piotr Mieczkowski, member of the board of the European AI Forum, managing director of the Digital Poland Foundation.
According to Grand View Research, the global artificial intelligence market was worth almost $197 billion in 2023. By 2030, the average annual growth rate will be over 37%, which means that the decade will end with revenues reaching USD 1.8 trillion. The largest player on the market is North America, accounting for 36.8%. share.
Analysts believe that this is influenced by the fact that the USA is investing in research and development of artificial intelligence, creating specialized institutes and research centers, and financing AI-related projects. They also use it in many areas, such as improving public safety and transportation and promoting innovation in health care.
Experts expect the artificial intelligence market to grow significantly in the Asia-Pacific region. The AI market in China is diverse and includes various applications such as natural language processing, robotics, autonomous vehicles and virtual assistants. Thanks to its large population and, therefore, huge data resources, China creates good conditions for the development and implementation of artificial intelligence technologies.
– Whether we have a chance to catch up with the US and China depends on how the AI Act regulation will be implemented, whether it will be uniform in the European Union and in fact apply only to a few, depending on specific implementation scenarios and certain cases that are defined in AI. Act. Because if this is not the case and we implement very strong regulations in individual countries, we will not build this scale again – says Piotr Mieczkowski.
In mid-March, the European Parliament adopted the AI Act, i.e. the regulation on artificial intelligence. The new EU regulations are intended to facilitate the implementation of new AI-based technologies, but also to eliminate those that threaten the security and privacy of citizens, such as social scoring. Although it will be difficult to catch up with the US and China in matters relating to consumer applications of AI, e.g. in mobile applications, there are fields where Europe can fight for a leadership position.
