The future of AI Technology is unavoidable, and it is already being widely accepted and taken advantage of. It is the most disruptive technology and has the potential to bring intelligence to tasks in diverse fields all around the world. Combining perspectives between Silicon Valley, a location with the world’s most important players and largest amount of venture capital funding, and Berlin, the leading hub for AI research and innovation, can bring a better understanding of the technology of the future. Both Silicon Valley and Berlin have diverse AI ecosystems. Out of all German AI startups, 40% are based in Berlin. Diverse dynamics are contributed by many different companies, as no single large player dominates the mature ecosystem in Germany’s capital.
In AI we trust
The whole of the United Stated is experiencing a decentralization of capital more than ever before, and it accounts for about 56% of global AI investments, with 40% of that in Silicon Valley. Different growths in various areas have diversified the Silicon Valley ecosystem. Current fascinating trends include generative AI, ML Ops, large language models, and AI ethics. However, for further progression in AI innovation, it needs to be more accepted by the government. AI has experienced a rapid growth in its usage, and there is no avoiding it. The technology can have a massive impact, from helping save the Deutsche Bahn over a billion euros cause by preventing train delays, to aiding doctors in screening for cancer. Better communication is needed to increase trust from governments. University partnerships can help foster that, and more cooperation is needed to confidently embrace the future.
A much-needed ethical approach
A call for the need to establish ethics in AI cannot be more evident. Currently, there is no single standard of regulation or ethics in AI, leading to a lack of trust and less acceptance of it. A standard for ethical design will help ensure that the AI is being used in to benefit humanity, ensuring an equitable AI ecosystem. Exposing people to AI and giving concrete examples of its advantages can help reduce skepticism and hesitancy to adopt it. Companies and Startups must also be mindful to human interest when developing AI, as it should be aligned to assist in human workflows instead of humans adjusting to work with AI.
Large potential for Germany
Important takeaways for both sides of the Atlantic stress the need for people to learn about AI and invest in it, as it will continue to disrupt everything and grow in usage throughout all sectors. There is large potential for change in the German AI industry, following a new German government taking office. Advice from experienced professionals encourages founders to start as soon as possible and to record the process early on to prevent troubles that may happen later.
More insights wanted?
For more fascinating insights about transatlantic AI, please follow this link and watch our webinar from our past virtual live event on Artificial Intelligence here.
