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AI Watch: 2020 EU AI investments

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Abstract

This report provides estimates of AI investments in EU27 in 2018 and for 2019. It considers AI as a general-purpose technology and, besides direct investments in the development and adoption of AI technologies, includes also investments in complementary assets and capabilities such as skills, data, product design and organisational capital among AI investments. According to the estimates, in 2019, EU invested between EUR 7.9 billion and EUR 9 billion in AI. Compared to 2018, this represents an increase by 39%. If the EU maintains a similar level of growth, by 2025 the AI investments will reach EUR 22.4 billion and surpass the EUR 20 billion target by over 10%. The EU AI investments concentrate in labour and human capital covered by the Skills investment target. Expenditures on AI-related Data and equipment account for 30%. R&D and Intangible assets account for 10% and 7% of the total EU AI investments respectively. The contribution of the European public sector is considerable and accounts for 41% of total AI investments in 2019.

Suggested Citation

  • Alessandro Dalla Benetta & Maciej Sobolewski & Daniel Nepelski, 2021. "AI Watch: 2020 EU AI investments," JRC Research Reports JRC126477, Joint Research Centre.
    • Handle: RePEc:ipt:iptwpa:jrc126477
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    File URL: https://publications.jrc.ec.europa.eu/repository/handle/JRC126477
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    Cited by:

    1. Fatima, Samar & Desouza, Kevin C. & Dawson, Gregory S. & Denford, James S., 2022. "Interpreting national artificial intelligence plans: A screening approach for aspirations and reality," Economic Analysis and Policy, Elsevier, vol. 75(C), pages 378-388.
    2. Parteka, Aleksandra & Kordalska, Aleksandra, 2023. "Artificial intelligence and productivity: global evidence from AI patent and bibliometric data," Technovation, Elsevier, vol. 125(C).

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    Keywords

    General Purpose Technology; GPT; Artificial Intelligence; AI; digital technologies; investments; intangibles; Europe;
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