Edward Welsh’s Post

Another pre-#Budget2024 spending announcement from the federal government: $2.4 billion in #artificialintelligence-related funding, including $2 billion for technology infrastructure to support #AI research and related businesses, $200 million to help accelerate AI adoption in sectors such as #cleantechnology and #healthcare and $100 million for the NRC IRAP AI Assist Program to help SMEs build and develop new AI solutions. Stay tuned for our full coverage and analysis of #Budget2024.

In an era where artificial intelligence is revolutionizing industries, the need for increased AI R&D funding has never been more critical. The United States is significantly investing in AI, with federal non-defense AI R&D spending projected to reach approximately $3.1 billion in 2024. This investment is part of a broader effort by the Biden-Harris Administration, which includes $202 billion for federal R&D to ensure the nation's leadership in AI technology. In contrast, China has made an even more substantial commitment, with its AI industry reaching a total funding of approximately $521 billion. This massive investment reflects China's ambition to become a global leader in AI innovation by 2030. Given these significant investments, federal contracting companies in the U.S. have a golden opportunity to secure lucrative AI contracts. To capitalize on this potential, these companies must have a high-impact website that showcases their AI capabilities, leadership, and proven track record. A well-designed, content-rich website can significantly enhance visibility and credibility, positioning companies as preferred partners for federal AI initiatives. By highlighting past successes, technical expertise, and innovative approaches, your website becomes a powerful tool for winning AI contracts and driving business growth in this rapidly evolving sector. https://lnkd.in/e_zJ_ZVV #AI #ArtificialIntelligence #WhiteHouse #DARPA #China #US

As a footnote to my post on UK.  Interesting to read this report about where Australia stands in the AI race. Australia ranks as a steady AI contender according to the latest AI Maturity Matrix by Boston Consulting Group. While not among the global pioneers like the US or UK, Australia demonstrates strong readiness for AI adoption across multiple sectors, supported by robust infrastructure and growing talent pools. However, significant gaps remain in investment and research, holding back its full potential in global competitiveness. Policymakers and industry leaders need to accelerate efforts in scaling AI-driven innovation to keep pace with global advancements. https://lnkd.in/g55iGDKH

My colleagues from the public sector team and the experts from our center for digital government just published a great study on the AI maturity of economies. I was (positively) surprised, that Germany is not doing so bad :-) Please have a read As global #artificialintelligence adoption picks up speed, countries are racing to position themselves at the forefront of this transformative technology. BCG’s new AI Maturity Matrix evaluates 73 economies worldwide, giving insights into their #AI exposure, readiness, and development pathways. Find out where your country stands and explore key strategies for public sector leaders to stay competitive in an AI-driven world here: https://lnkd.in/eJxqizRa

My colleagues from the public sector team and the experts from our center for digital government just published a great study on the AI maturity of economies. I was (positively) surprised, that Germany is not doing so bad :-) Please have a read As global #artificialintelligence adoption picks up speed, countries are racing to position themselves at the forefront of this transformative technology. BCG’s new AI Maturity Matrix evaluates 73 economies worldwide, giving insights into their #AI exposure, readiness, and development pathways. Find out where your country stands and explore key strategies for public sector leaders to stay competitive in an AI-driven world here: https://lnkd.in/eJxqizRa

As well as exploring how to build a UK Artificial Intelligence (AI) sector that can scale and compete on the global stage, the Department for Science, Innovation and Technology plan will also set out how to boost take up of the technology across all parts of the economy, and consider the necessary infrastructure, talent, and data access required to drive adoption by the public and private sectors. 

Just came across this report by Implement Consulting Group about AI in Denmark - which I think is well structured and would love to share here: Denmark stands at a pivotal moment to harness AI for economic growth. A recent study by Implement Consulting Group, commissioned by Google, reveals that scaling innovative digital businesses could add up to 12,000 high-value jobs and contribute approximately DKK 25 billion annually to the economy. To fully realize AI's potential, Denmark must invest in an AI-ready workforce, robust infrastructure, and supportive regulations. By leading in AI adoption and development, Denmark can inspire broader economic advancements and close the competitiveness gap. here is the full report: https://lnkd.in/dVw_hpZS

🚀 Cool insights on global AI adoption! 🌍 I just read a super interesting article on how AI is evolving across the globe. While the US and China continue to dominate the market, it’s intriguing to see how different countries and companies are positioning themselves and adapting over time. 📊 🌍 Bulgaria is ranked 53rd out of 83, placing us just shy below the average index. But what’s really exciting is that we're in the top half of the AI Index when it comes to government efforts! 🇧🇬💡 The article outlines several key factors in assessing AI investments, such as: 🧠 Talent 🏗️ Infrastructure 🛠️ Operating Environment 🔬 Research & Development 🏛️ Government Strategy 📈 Commercial Applications Additionally, countries were classified based on their AI "scale" (absolute AI capacity) and "intensity" (capacity relative to population or economy). 🌐 No surprises here – Singapore, Israel, and Switzerland are leading the pack in terms of intensity! 🇸🇬🇮🇱🇨🇭 If you're curious about how AI is reshaping the world, check out the article below! 👇 🔗 https://lnkd.in/eD_GQReB #ai #datascience #global #economy #world #change #artificialintelligence

𝐀𝐈 𝐀𝐝𝐨𝐩𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭: 𝐄𝐮𝐫𝐨𝐩𝐞 𝐯𝐬. 𝐔𝐒 The gap between Europe and the US in terms of both AI adoption and investment continues to widen. Recent studies show that European companies lag behind their US counterparts by an average of 45-70% in spending on AI infrastructure, software, and services. When it comes to generative AI, Europe is also lagging. According to a 2023 McKinsey survey, 40% of North American companies have adopted generative AI in at least one business function, compared to 30% of European companies. Will this put Europe at an economic disadavantage when compared to the United States and China? Will the more cautious European regulatory approach - examplified by the EU AI Act - slow down innovation and hurt our prosperity over the long term? These important questions should be adressed quickly before we fall behind too much. #AI #Europe #AIInnovation #FutureofAI

Artificial intelligence has the potential to shape an equitable digital future, but it must be guided by responsible practices. This recent Digital Impact Alliance feature explores how AI, paired with the Digital Principles, can drive positive transformation. We're also proud that Joseph Simukoko, a member of our 2024 ADLI cohort, shares his insights on how Africa can leverage these technologies for inclusive growth. Read more: https://lnkd.in/ddfS-3Bk