AI Watch: Estimating AI investments in the European Union
Tatjana Evas (tatjana.evas@ec.europa.eu),
Maikki Sipinen (maikki.sipinen@ec.europa.eu),
Martin Ulbrich (martin.ulbrich@ec.europa.eu),
Alessandro Dalla Benetta (alessandro.dalla-benetta@ext.ec.europa.eu),
Maciej Sobolewski and
Daniel Nepelski
Additional contact information
Tatjana Evas: European Commission – DG CNECT
Maikki Sipinen: European Commission – DG CNECT
Martin Ulbrich: European Commission – DG CNECT
Alessandro Dalla Benetta: European Commission - JRC, https://joint-research-centre.ec.europa.eu/index_en
No JRC129174, JRC Research Reports from Joint Research Centre
Abstract:
This report provides estimates of AI investments in the EU between 2018 and 2020 and, for selected investments categories, in the UK and the US. It considers AI as a general-purpose technology and, besides direct investments in the development and adoption of AI technologies, also includes investments in complementary assets and capabilities such as skills, data, product design and organisational capital among AI investments. According to current estimates, in 2020 the EU invested EUR 12.7-16 billion in AI. In 2020, due to the COVID19 outbreak, the EU AI investments grew by 20-28%, compared to a growth of 43-51% in 2019.
Keywords: General Purpose Technology; Artificial Intelligence; digital technologies; investments; intangibles; Europe (search for similar items in EconPapers)
Pages: 29 pages
Date: 2022-05
New Economics Papers: this item is included in nep-big, nep-cmp and nep-ict
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