The United States is the world leader in the artificial intelligence market, which is investing heavily in the development and implementation of new solutions. Following them is China, where mobile applications or useful algorithms are being developed on the one hand, and, on the other hand, highly controversial social scoring, as a result of which even what a citizen befriends can be relevant in the assessment of creditworthiness. The European Union has moved towards regulation, as evidenced by the recently adopted AI Act. It is meant to eliminate pathological directions of SI development. Experts, however, fear that there may be over-regulation at the implementation stage in the Member States, which will slow down the development of this market. Meanwhile, an area in which European companies have many advantages is the application of AI in industry.

“The European Union looks rather pale compared to China or the United States. If we look at the scale of investment, for example, the United States leads. After some regulation of this market by China, they have somewhat weakened, but yet the European Union is still a long way to the second place. From the point of view of research, we are very good. A lot of research is being done in Europe, discoveries in the field of algorithms, and artificial intelligence solutions in general, but they are not well commercialized. Secondly, we are not building the scale that the digital single market gives, often re-regulating this artificial intelligence sector in individual countries,” Piotr Mieczkowski, member of the board of the European AI Forum, managing director of the Digital Poland Foundation, said.

(Newseria)