Artificial Intelligence as an Engine of Economic Growth: Opportunities and Challenges for the Future
AI has already penetrated many areas of everyday life and is transforming work processes, posing the greatest threat to repetitive jobs and office work. The Czech Republic, like the rest of Europe, lags behind the US and China in both fundamental and applied AI research due to insufficient investment and weak research support. To remain competitive, Europe should focus on broad AI education, fostering innovation, and effectively implementing existing solutions.
Key Takeaways:
- AI is transforming the economy and job market. Repetitive tasks and office jobs are the most at risk, while companies will need to invest in specialists or ready-made AI solutions.
- Europe is falling behind in AI research. A lack of investment, strict regulations, and high costs are slowing down Europe’s progress in AI compared to the US and China.
- The need for AI education and implementation. The main priority is educating younger generations and effectively utilizing available AI tools to prevent Europe from becoming dependent on foreign technologies.
Analysis –Karel Sál
The analysis is in PDF under the link below.
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