Record STMT-W9ED73ESoft law

AI Watch Estimating investments in General Purpose Technologies: The case of AI Investments in Europe

Report International lawEuropean Unionadopted

This technical report by the European Commission's Joint Research Centre provides an original methodology to estimate economy-wide investments in artificial intelligence as a general-purpose technology. It compiles data on ten different expenditure items across ten EU member states for the year 2018, grouped under talent and skills, lab-to-market translation, and data/infrastructure. The findings show that EU AI investments reached between 7.0 and 8.4 billion euros in 2018, with significant variations across countries and strong complementarities between tangible and intangible assets.

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Who issued it

European CommissionGovernment (executive)

Lead issuer

Joint Research CentreIntergovernmental

Contributor

Legal forceSoft law

Under whose authorityInternational law

Judged fromfull text

Who it governs

RegulatorsNational governmentPublic sector bodiesResearchers and academics

Policymakers, researchers, and business leaders seeking evidence and estimates of AI investments and economic uptake in Europe.

Sectors

Cross-sectorResearch and science · science and knowledge service

What the document contains

What's covered

The report covers the methodology, data sources, and estimations for public and private investments in artificial intelligence across EU member states for the year 2018. It examines investments across three main targets: talent and skills, lab-to-market activities, and data/technology infrastructure.

What's missing

The report does not provide legal regulations, binding obligations, or specific enforcement mechanisms for AI deployment.

Key takeaways

AI is treated as a general-purpose technology whose economic potential lies in modernizing the entire economy.
Total EU28 AI investments in 2018 were estimated between 7.0 and 8.4 billion euro.
The majority of AI-related investments target labour and human capital, specifically ICT specialists' compensation.
France, Germany, and the United Kingdom account for nearly 50% of total AI expenditures in the EU.
There is a strong positive correlation and complementarity between tangible and intangible asset investments.

Outline

· Foreword
· Acknowledgements
· Executive summary
· 1 Introduction
· 2 Framework for estimating AI investments in Europe
· 3 Estimation methodology and data sources
· 4 EU AI investments highlights
· 5 AI investments in the EU Member States
· 6 Country profiles
· 7 Concluding remarks
· References
· List of figures
· List of tables
· Annexes

Issued2020

Length15,637 words

FormatNot recorded

Scoperegional

artificial_intelligence investment_and_funding general_purpose_technology economic_impact research_and_development