EU investment bank predicts blockchain and AI investment gaps - Bits Media

According to the European Investment Bank, EU lags behind China and US in blockchain and artificial intelligence investment (II), and in the future this trend will increase.

European investment bank (EIB) stated, that the attempts of the European Union догнать Китай и Соединенные Штаты в области искусственного интеллекта и блокчейна будут затруднены из-за дефицита инвестиций до 10 billion euros ($12 billion) in year.

According to the bank's report, в то время как США и Китай вместе вкладывают более 80% of 25 billion euros in annual investment in both technologies, The EU has invested in their development only 1.75 billion euros - about 7% of the total amount.

EIB highlighted the importance of both technologies and their potential for rethinking how sectors work, hard hit by the COVID-19 pandemic, eg, financial services, healthcare and business intelligence, as well as increasing the economic resilience of the EU.

“Companies and governments in Europe are significantly underfunding AI and blockchain compared to other leading regions. It became clear, that the European Union cannot translate its scientific achievements into business applications and transform them into economic success ", - stated in the bank's report.

EIB estimates, the annual investment gap in both technologies is from 5 to 10 billion euros. Access to finance may become more difficult in the short term due to market conditions, potentially widening the investment gap.

“EU and Member State support schemes can partially fill this gap, but private markets will have to do their part. ", - declares the bank.

EIB analysts have mentioned several factors for the lack of investment in the EU, including limited interest from European funds due to high initial investment needs, lack of knowledge and limited specialization of EU venture funds in both technologies.

Recall, that the EU investment bank recently issued € 100 million worth of digital bonds on Ethereum.