{"id":592868,"date":"2023-09-29T13:20:43","date_gmt":"2023-09-29T10:20:43","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/uk-switzerland-sweden-set-for-europes-biggest-ai-boosts\/"},"modified":"2023-09-29T13:20:43","modified_gmt":"2023-09-29T10:20:43","slug":"uk-switzerland-sweden-set-for-europes-biggest-ai-boosts","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/uk-switzerland-sweden-set-for-europes-biggest-ai-boosts\/","title":{"rendered":"#UK, Switzerland, Sweden set for Europe&#8217;s biggest AI boosts"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a502b7471dee\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a502b7471dee\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/uk-switzerland-sweden-set-for-europes-biggest-ai-boosts\/#Next_in_line_for_the_throne\" >Next in line for the throne<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/uk-switzerland-sweden-set-for-europes-biggest-ai-boosts\/#The_future_is_not_set\" >The future is not set<\/a><\/li><\/ul><\/nav><\/div>\n<div id=\"article-main-content\">\n                            The UK, Switzerland, and Sweden are poised to cash in from the AI gold rush, but most of Europe will be a poor nephew to Uncle Sam.<\/p>\n<p>So say the expert analysts at Capital Economics, a financial research firm based in London. In a new study, the company assessed which countries are best placed to benefit from the AI boom \u2014 and which ones will be left behind.<\/p>\n<p>Using 40-sub-indicators, the researchers analysed their capacities for AI innovation, diffusion of the AI effectively, and adaptability to the impacts. The three categories were then combined to calculate a global ranking.<\/p>\n<p>Unsurprisingly, the US topped the charts, but there were some shockers in the chasing pack.<\/p>\n<p>Among them was the relatively low position of China. Despite the phenomenal AI developed at companies like TikTok and within research institutions, immense regulatory barriers and government intervention in the private sector sunk China to a middling performance.<\/p>\n<div class=\"inarticle-wrapper latest channel-cta hs-embed-tnw\">\n<div id=\"hs-embed-tnw\" class=\"channel-cta-wrapper\">\n<div class=\"channel-cta-img\"><img decoding=\"async\" class=\"js-lazy\" src=\"https:\/\/s3.amazonaws.com\/events.tnw\/hardfork-2018\/uploads\/visuals\/tnw-newsletter.png\"\/><\/div>\n<p><noscript><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/events.tnw\/hardfork-2018\/uploads\/visuals\/tnw-newsletter.png\"\/><\/noscript><\/p>\n<div class=\"channel-cta-input\">\n<p class=\"channel-cta-title\">The &lt;3 of EU tech<\/p>\n<p class=\"channel-cta-tagline\">The latest rumblings from the EU tech scene, a story from our wise ol&#8217; founder Boris, and some questionable AI art. It&#8217;s free, every week, in your inbox. Sign up now!<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p>In Europe, meanwhile, the outlook is mixed. Leading the continent is the UK, which ranked third globally, behind only the US and Singapore.<\/p>\n<blockquote class=\"c-richText__pullQuote\">\n<div class=\"c-richText__pullQuoteGradient\">\n<p class=\"c-richText__pullQuoteQuote\">\u201cThe UK could benefit from lighter-touch regulation.\n            <\/div>\n<\/blockquote>\n<p>The study team gave several reasons for Britain\u2019s loft position. Despite perennially low investment rates, the country has become a magnet for AI talent and boasts a propitious business foundation.<\/p>\n<p>One of the country\u2019s greatest strengths is its higher education system, particularly in the golden triangle formed by the university cities of Cambridge, London, and Oxford, which attract top talent from around the world.<\/p>\n<p>Another innovation engine is Google DeepMind\u2019s pioneering AI lab, which is based in London. The analysts also expect the UK\u2019s flexible labour market to support the wider economic adaption to AI, while its service-oriented economy can accelerate the diffusion.<\/p>\n<p>Britain may be further impacted by its position outside of the EU \u2014 both positively and negatively. While Capital Economics doesn\u2019t expect Brexit to be a major factor in the AI economy, the research team can envision some effects.<\/p>\n<p>\u201cOn the plus side, the UK could benefit from lighter-touch regulation if the EU regulates AI more strictly in future,\u201d Andrew Kenningham, the firm\u2019s Chief Europe Economist, told TNW. \u201cBut set against that, there could be reduced collaboration on AI projects or the UK could be hindered from participation in large-scale European AI initiatives.\u201d<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Next_in_line_for_the_throne\"><\/span>Next in line for the throne<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The UK is one of three European countries rounding out the global top five. Taking fourth spot is Switzerland, while Sweden bagged fifth. Both countries were particularly strong in adaption, ranking first and second in the world, respectively.<\/p>\n<p>\u201cThis essentially means that they have a good track record on redeploying resources,\u201d Kenningham said.<\/p>\n<p>In terms of innovation, Switzerland and Sweden ranked slightly higher than Germany and a bit lower than the UK. But they both lagged far behind China and the US \u2014 a common issue in Europe.<\/p>\n<p>\u201cEurope is a long way behind the US and China on our sub-index of \u2018innovation\u2019 essentially because it invests less in AI research and has less academic research in that area,\u201d Kenningham explained.<\/p>\n<figure class=\"post-image post-mediaBleed aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-1400214 js-lazy\" alt=\"Graph showing the Euro-zone and emerging economies in the EU are falling behind the US and Asia in their AI economic prospects\" width=\"960\" height=\"398\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/09\/Screenshot-2023-09-29-at-11.31.44.png\" srcset=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/09\/Screenshot-2023-09-29-at-11.31.44.png 960w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/09\/Screenshot-2023-09-29-at-11.31.44-280x116.png 280w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/09\/Screenshot-2023-09-29-at-11.31.44-270x112.png 270w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/09\/Screenshot-2023-09-29-at-11.31.44-540x224.png 540w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/09\/Screenshot-2023-09-29-at-11.31.44-796x330.png 796w\"\/><figcaption><a rel=\"nofollow noopener\" target=\"_blank\" href=\"#\" data-url=\"https:\/\/twitter.com\/intent\/tweet?url=https%3A%2F%2Feditorial.thenextweb.com%2Fdeep-tech%2F2023%2F09%2F29%2Fai-to-boost-uk-sweden-switzerland-economies%2F&amp;via=thenextweb&amp;related=thenextweb&amp;text=Check out this picture on: Composite scores of both the Euro-zone and the emerging economies in the EU are behind those in the US and Asia. Credit: Capital Economics\" data-title=\"Share Composite scores of both the Euro-zone and the emerging economies in the EU are behind those in the US and Asia. Credit: Capital Economics on Twitter\" data-width=\"685\" data-height=\"500\" class=\"post-image-share popitup\" title=\"Share Composite scores of both the Euro-zone and the emerging economies in the EU are behind those in the US and Asia. Credit: Capital Economics on Twitter\"><i class=\"icon icon--inline icon--twitter--dark\"\/><\/a>Composite scores of both the Euro-zone and the emerging economies in the EU are behind those in the US and Asia. Credit: Capital Economics<\/figcaption><noscript><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-1400214\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/09\/Screenshot-2023-09-29-at-11.31.44.png\" alt=\"Graph showing the Euro-zone and emerging economies in the EU are falling behind the US and Asia in their AI economic prospects\" width=\"960\" height=\"398\" srcset=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/09\/Screenshot-2023-09-29-at-11.31.44.png 960w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/09\/Screenshot-2023-09-29-at-11.31.44-280x116.png 280w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/09\/Screenshot-2023-09-29-at-11.31.44-270x112.png 270w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/09\/Screenshot-2023-09-29-at-11.31.44-540x224.png 540w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/09\/Screenshot-2023-09-29-at-11.31.44-796x330.png 796w\"\/><\/noscript><\/figure>\n<p>Outside of the continent\u2019s three leaders, the European landscape is considerably bleaker.<\/p>\n<p>One of the gloomiest areas is a scarcity of financial backing. Investors are ploughing enormous capital into US tech firms with GenAI capabilities, whereas European equities are receiving a lesser AI-related boost.<\/p>\n<p>As a result, the continent\u2019s stock markets will likely struggle to keep pace with their counterparts across the Atlantic. These divides will be amplified if the US market entices more European firms, as it recently did to Arm, the UK-based chip designer.<\/p>\n<p>A further obstacle is the continent\u2019s sparse cloud infrastructure, which provides essential foundations for AI. There also remain several enduring barriers. Compared to the US, Europe has a small VC ecosystem, scarce enormous companies, rigid labour markets, tight regulations, and strict local planning restrictions. Collectively, these components restricted growth during the 1990s ICT boom. In the AI era, they may create even greater hindrances.<\/p>\n<p>To emphasise this point, the study team note the impacts of EU tech regulations. A prominent example recently emerged with the release of Bard, Google\u2019s answer to OpenAI\u2019s GPT. Due to concerns over GDPR compliance, Bard arrived in over 100 countries before the EU.<\/p>\n<p>Future launches will be further inhibited by the impending AI Act, which restricts technologies such as biometric surveillance and emotion recognition. Protecting the public doesn\u2019t always please businesses \u2014 or the economy.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_future_is_not_set\"><\/span>The future is not set<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>There\u2019s still time to move up \u2014 or down \u2014 the rankings. As with previous transformative technologies, AI\u2019s productivity boost will likely be more of a slow-burn than an overnight surge. Capital Economics expects the big impacts to come in the late 2020s and 2030s.<\/p>\n<p>To improve their preparations, the firm advises European governments to more actively support immigration of IT and AI talent. The researcher also championed the UK\u2019s provision of fiscal aid for academic and commercial research.<\/p>\n<p>In the long-term, further support for the enabling environment, such as universities and education in STEM subjects, will also have a positive impact.<\/p>\n<p>\u201cApart from innovation\/R&amp;D governments can also do more to support the diffusion of AI through, for example, ensuring that regulations do not discourage adoption, labour markets are flexible, and [the] public sector leads by example in adopting new <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a>,\u201d Kenningham said.<\/p>\n<p>Without these changes, much of Europe is set to slip further behind the US in the global economic order.\n                        <\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more like this article, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/technology\/\" target=\"_blank\" rel=\"noopener\">Technology category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/thenextweb.com\/news\/ai-to-boost-uk-sweden-switzerland-economies\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The UK, Switzerland, and Sweden are poised to cash in from the AI gold rush, but most of Europe will be a poor nephew to Uncle Sam. So say the expert analysts at Capital Economics, a financial research firm based in London. In a new study, the company assessed which countries are best placed to&#8230;<\/p>\n","protected":false},"author":1,"featured_media":592869,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/img-cdn.tnwcdn.com\/image\/tnw-blurple?filter_last=1&fit=1280,640&url=https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/09\/Untitled-design2.jpg&signature=b429d6682fadf18158df61671423d99b","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[],"class_list":["post-592868","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/592868","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=592868"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/592868\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/592869"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=592868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=592868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=592868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}