12/02/2021 | Press release | Distributed by Public on 12/02/2021 03:32
Studyfrom hubraum and Startups Association on AI ecosystem. Central topics of the study
Artificial intelligence (AI) is the key technology of digitalization. Startups play a central role in this: for 43 percent of these innovative growth companies, AI has a clear impact on their business model - they are also pioneers in future fields such as Industry 4.0 and Internet of Things. Whether in medicine, industry or autonomous driving, startups are putting AI into practice.
With the presented study on AI startups in Germany, hubraum, the tech incubator of Deutsche Telekom and the Bundesverband Deutsche Startups (German Startups Association) show where the potential and unique selling points of the German AI ecosystem lie. Germany and Europe have the opportunity to become a defining AI hotspot at the intersection of innovation and responsibility. But this can only succeed if the framework conditions are right.
Franziska Teubert, Managing Director Startup Association:
"Our study clearly shows how important startups are when it comes to bringing AI applications into practice. For 43 percent of our startups, technology already plays a central role - they are thus key innovation drivers and at the same time want to take responsibility. In addition to capitalization, we urgently need to do better in the AI sector when it comes to the proportion of women. We need significantly more female AI founders and Women in Tech."
Axel Menneking, Head hubraum:
"German companies have a lot of catching up to do in harnessing the enormous potential of AI startups for themselves. Deutsche Telekom successfully uses AI in network management and customer service, among other things. Cooperation at eye level and intensive exchange, but of course also financial support, are essential here. As a tech incubator, hubraum supports AI startups with funding and development partnerships. In this way, Telekom benefits from the innovative power and new applications for its customers."
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