The European Union has an annual shortfall of up to €10 billion ($12.2 billion) to keep it in the global artificial intelligence and blockchain race, according to the European Investment Bank (EIB).
The new report by EIB, titled Artificial intelligence, blockchain and the future of Europe: How disruptive technologies create opportunities for a green and digital economy, says the European Union only accounts for 7 percent of annual equity investments in both technologies, while the United States and China together account for 80 percent. However, the European Union excels in research related to both technologies and has a large pool of digital talent to build on.
Download the full study here.
