Germany's AI potential: urgent need for action for the future!

Germany's AI potential: urgent need for action for the future!

Bremen, Deutschland - The Vice CEO of Deutsche Bank, James von Moltke, addressed the worrying development of the technology industry in Germany in a current statement. He points out that Germany has massively lost importance, especially in the area of artificial intelligence (AI). The findings are based on a report by Weser-Kurier in which Moltke is a significant gap between Germany and the USA and China in almost all Future fields stated, with the exception of the green technologies.

from Moltke expresses concern that the revolution of the AI takes place especially in the United States, while Germany and the EU only watch and hinder innovative developments through regulatory measures. According to Moltke, however, Germany has the potential to take on a leading role in the use of AI in industry. He also emphasizes that the economic situation of Germany is critical and warns of an economic loss.

Need of changes

In order to counteract these challenges, Moltke calls for a more intensive job setting in society, since the successes of the past decade have led to a certain sadness. He sees the early Bundestag election as an opportunity for a necessary change. "We have to arouse the potential slumbering in Germany and act now," continued by Moltke.

NILS Wrogemann, spokesman for Deutsche Bank in Bremen, shares this concerns and speaks of a "hangover mood" in the country and the challenges that the year 2024 brings. While he emphasizes the advantages of the northwest, in particular the expansion of wind power, he also demands that more money are invested in economic projects in order to overcome the existing investment restraint.

These developments are in the context of a generally booming sector: As the German Wirtschaftschwaeche , the digital economy in Germany will continue to grow despite the current economy. More and more jobs are being created in this sector and experts predict a positive development for 2025. Nevertheless, there are also challenges such as a lack of investments and a lack of IT specialists. In addition, business with artificial intelligence is growing strongly in Germany.

-transmitted by West-Ost-Medien