Roland Busch highlights the significance of utilizing the vast amount of industrial data in Germany for artificial intelligence applications. Siemens is implementing AI to enhance manufacturing efficiency and has partnered with Nvidia while acquiring Altair Engineering and Dotmatics to strengthen its AI capabilities. Busch argues for substantial regulatory changes in Europe to compete with US software companies. An initiative backed by over 60 leading German companies aims to inject at least €100 billion into new projects to foster growth in Germany's economy.
Roland Busch emphasized, “We are sitting on a massive amount of data.” Germany's industrialization brings opportunities to utilize this data effectively with AI applications across companies.
Siemens is integrating AI to enhance manufacturing efficiency, partnering with Nvidia Corp. and acquiring software firms to bolster its AI capabilities in industrial production.
Busch remarked on the necessity for Europe to reform its regulatory environment to remain competitive against US software giants and to harness the potential of AI.
An initiative led by over 60 major companies in Germany aims to infuse at least €100 billion into new projects to stimulate economic growth in the region.
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