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Germany plans €3B in AI investments

reuters.com

11–20 of 161 posts

Re: Germany plans €3B in AI investments

#11
post #8
post #5

Earlier quoted context omitted.

You are right, but I was wondering how an alternative could look like. Probably just giving it to universities to create more and better paid PhD possitions?!

They'd probably get more return by 'encouraging' Google and American tech companies to open bigger offices.

Why favor big companies that already have resources?

Re: Germany plans €3B in AI investments

#12

One could call it cute or funny, if it was not to the detriment of actually needed digital technology in the country, like broadband or support of IT startups. But I am sure Deutsche Telekom will be quite happy about more state money, which is probably why they whispered this AI nonsense into the politicians ears. We can just write it up as another German success story, IT made in Germany. When has that ever not work…

>> When has that ever not worked out in our favor?

Would you explain a little more?

I'm ignorant about the history of German government investment in IT. But here in America, federal investment has helped ignite new industries.

And as a data science engineer, I'd love to see more German code.

Re: Germany plans €3B in AI investments

#14
post #7

Here's the offical strategy (in German): https://www.bundesfinanzministerium.de/Content/DE/Downloads/... While I'm very skeptical of this initiative for a number of reasons, I appreciate that they explicitly mention the need for Open Data and seem to commit to improving accessibility of governmental data sources.

Indeed. The way they describe what they want, it looks like all the money will be spent on endless meetings or conferences and producing policy and strategy documents.

Maybe 1% will flow into a real research project which will generate some value.

Re: Germany plans €3B in AI investments

#15
I don't know how this works in Germany, but in China, it usually goes this way: doesn't matter if you are good at or even know it (officials won't care), just scour the internet and produce a PPT, pull some strings to arrange a fancy dinner with relevant local officials, deal done, once you got the money hire someone to do a demo, profit.

One woman bragging about this was vacationing on the Palm Jumeirah island in UAE last year, she was there pitching her block chain projects to Arabs.

Re: Germany plans €3B in AI investments

#16

The people in these countries dont respect programmers, they pay them peanuts. How are they going to innovate?

Since only relative income count, you have to expand your comment by saying that these countries

- Do not respect Bankers and CEOs

- Do not respect academics

- Do not respect managers

- Respect teachers too much

- Respect waiters and delivery drivers too much

etc. It's all relative. It's all trade-offs. In the US, you can get actual rich by working a normal dev job.

On the other hand, many of my US high school teachers literally had to work at Wal-mart on the side. Unthinkable elsewhere. Result: Lots of innovation, but only by importing top tier talent from Asia and Europe, since high school education sucks maaajor balls compared to those countries.

So yeah, all trade-offs.

Re: Germany plans €3B in AI investments

#17
post #12

One could call it cute or funny, if it was not to the detriment of actually needed digital technology in the country, like broadband or support of IT startups. But I am sure Deutsche Telekom will be quite happy about more state money, which is probably why they whispered this AI nonsense into the politicians ears. We can just write it up as another German success story, IT made in Germany. When has that ever not work…

>> When has that ever not worked out in our favor? Would you explain a little more? I'm ignorant about the history of German government investment in IT. But here in America, federal investment has helped ignite new industries. And as a data science engineer, I'd love to see more German code.

"Investments in IT" by the german government means we somehow funnel money to the big companies to make sure they dont fire people. Deutsche Telekom daughter T-Systems decided in september to cut 6000 jobs in germany (10k worldwide) to save 600mio €/year. Now the Government spents 3B on "AI". Coincidence?

Re: Germany plans €3B in AI investments

#18

I don't know how this works in Germany, but in China, it usually goes this way: doesn't matter if you are good at or even know it (officials won't care), just scour the internet and produce a PPT, pull some strings to arrange a fancy dinner with relevant local officials, deal done, once you got the money hire someone to do a demo, profit. One woman bragging about this was vacationing on the Palm Jumeirah island in UA…

[deleted]

Re: Germany plans €3B in AI investments

#19
post #11
post #8

Earlier quoted context omitted.

They'd probably get more return by 'encouraging' Google and American tech companies to open bigger offices.

Why favor big companies that already have resources?

It's an interesting thought. Does German really have a prayer in this space? Making breakthroughs in this space isn't something just any trained student can do. The best all work for American tech companies... German co's don't believe in paying well. This can be extended to most European nations.

Re: Germany plans €3B in AI investments

#20
post #16

The people in these countries dont respect programmers, they pay them peanuts. How are they going to innovate?

Since only relative income count, you have to expand your comment by saying that these countries - Do not respect Bankers and CEOs - Do not respect academics - Do not respect managers - Respect teachers too much - Respect waiters and delivery drivers too much etc. It's all relative. It's all trade-offs. In the US, you can get actual rich by working a normal dev job. On the other hand, many of my US high school teache…

Not trying to start an argument about country wide wage compensation. But relative to other 'competitive' professional careers, such as doctors, lawyers, bankers, etc, Europe vastly underpays programmers, but also shows them little respect in the workplace. It's not just about the money, the social status of a software engineer in Europe is very low. This is making it difficult for Europe to compete on an international basis to create powerful tech companies. There are other reasons, such as fragmented markets, multiple languages, and the conservatism of the VC industry.
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