{"id":141896,"date":"2020-02-17T13:10:20","date_gmt":"2020-02-17T13:10:20","guid":{"rendered":"https:\/\/www.bnreport.com\/vestager-touts-ai-powered-vision-for-europes-tech-future\/"},"modified":"2020-02-17T13:10:20","modified_gmt":"2020-02-17T13:10:20","slug":"vestager-touts-ai-powered-vision-for-europes-tech-future","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/vestager-touts-ai-powered-vision-for-europes-tech-future\/","title":{"rendered":"Vestager touts AI-powered vision for Europes tech future"},"content":{"rendered":"

Europe may never produce a rival to Facebook, but it still has a chance of outpacing rivals in Silicon Valley or Shenzhen thanks to a coming wave of artificial intelligence powered by industrial data, according to the blocs digital czar Margrethe Vestager.<\/p>\n

The vision for Europes \u201csecond chance\u201d on tech relies on leveraging vast troves of data produced by industrial giants like Volkswagen, Engie or Nokia \u2014 and making better use of it than competitors in the United States or China.<\/p>\n

\u201cOne of the reasons why we dont have a Facebook and we dont have a Tencent is that we never gave European businesses a full single market where they could scale up,\u201d Vestager told reporters ahead of the publication of the European Commissions white paper on artificial intelligence and a new data strategy on February 19.<\/p>\n

\u201cNow when we have a second go, the least we can do is to make sure that you have a real single market,\u201d she added.<\/p>\n

As POLITICO first reported on January 29,<\/a> the EUs executive arm wants to create a single market for data. The strategy relies on the notion of \u201cdata spaces\u201d \u2014 or infrastructure for large pools of data that can be shared between sectors and companies, and improves access to European cloud providers.<\/p>\n

To develop its vision of industrial data pools, the Commission is eyeing an investment of up to \u20ac6 billion that would be raised together with member countries and industry, according to a recent draft of the data strategy, obtained by POLITICO<\/a>.<\/p>\n

\u201cIf this is to be successful then we should not put our business-to-business AI in the same position as our business-to-consumer technology, having no single market,\u201d Vestager said.<\/p>\n

Europe wants to become the go-to place for high-quality data for artificial intelligence.<\/p>\n

The need for a data strategy comes from the fact that \u201cwe are what we eat\u201d when it comes to the data that feeds artificial intelligence, Vestager said. \u201cIf you eat crappy stuff, youre not likely to be a fit-for-purpose algorithm,\u201d she said.<\/p>\n

Ensuring that the data feeding artificial intelligence applications is up to par and shared freely will allow Europe to develop the kind of technology that will help it take on America and China.<\/p>\n

But the package that will be unveiled on Wednesday will only be part of a larger puzzle in Europes quest to create prosperity through digitalization, Vestager said.<\/p>\n

The Danish politician, who also has oversight of the blocs competition enforcement, emphasized that innovation must not come at the expense of European values and must benefit its citizens and democracRead More \u2013 Source<\/a><\/p>\n

[contf] [contfnew] <\/p>\n

politico<\/a><\/h5>\n

[contfnewc] [contfnewc]<\/p>\n","protected":false},"excerpt":{"rendered":"

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