Factors Hindering Artificial Intelligence Adoption in Europe
According to an Amazon Web Services report, a lack of skilled personnel and regulatory uncertainties are prompting European startups to plan moves abroad.
A new report commissioned by Amazon Web Services reveals that the adoption of advanced artificial intelligence technologies in Europe is being hindered. Due to a skilled labor shortage and legal uncertainties, 38 percent of startups on the continent are considering relocating to other countries.
Glass Ceiling in Artificial Intelligence
The costs to the continental economy and technology ecosystem of European artificial intelligence efforts remaining at their current level are being debated. Experts point out that the stagnation experienced in the integration of advanced technologies could lead to severe losses in the future.
Risks Revealed by the Report
Commissioned by the American tech giant Amazon Web Services, the report brought to light the core issues restricting growth potential in the European market. Research results indicate that startup companies in the region are struggling to maintain their competitive edge.
Threat of Emigration Abroad
Current regulations and the skills gap are forcing European entrepreneurs to turn toward alternative markets. According to the obtained data, 38 percent of European startups are seriously considering moving their operations abroad.