Published: 2:01am, 21 Sep, 2018 Updated: 12:59pm, 21 Sep, 2018
Around 2,100 AI researchers from 29 European countries are to collaborate, and are urging the EU to back them in their efforts to compete with the US and China. The latter countries have established AI strategies in recent years and are projected to capitalise on greater investment by benefiting most from the $15.8tn AI may contribute to the global economy by 2030 – an additional $7tn and $3.7tn respectively for China and North America, compared to Europe's $2.5tn. Experts want similar strategic cohesiveness, and believe financial support for research and development centres can help them nurture and keep local AI talent.