The European Union has launched a $208 billion funding initiative for artificial intelligence, aiming to enhance its competitive stance against the U.S. and China. With significant investments already made by the U.S. and emerging technologies like China's DeepSeek, AI innovation is critical. Professor Bjorn Ommer highlighted the urgency of accelerating AI development to avoid losing ground. While companies like Black Forest Labs are innovating, the market remains dominated by major players like OpenAI and Google, demonstrating the need for Europe to step up its game in AI technologies.
Bjorn Ommer, a professor of artificial intelligence at Ludwig Maximilian University of Munich (LMU), warned, "missing out on this will cost us dearly, so we need to step on the accelerator."
AI is driving the rapid emergence of new business models, and we need to act fast to remain competitive in the global market.
Black Forest Labs is more of an outlier in the world of so-called foundation models, which are dominated by US and Chinese companies.
The market for large foundation models is very much in the hands of AI heavyweights such as OpenAI's ChatGPT, Google's Gemini, and DALL-E.
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