The US invents. China scales. Europe regulates. Others record “present” and consume. But some EU tech leaders do not just want to regulate: “Christian Klein, Chief Executive Officer (CEO) of Software Giant SAP, has warned that Europe risks falling behind the U.S. and China, following plans to regulate the Artificial Intelligence (AI) industry.”
“If you only regulate technology in Europe, how can our startups here in Europe compete against the other startups in China, Asia, and the US?”
While acknowledging the importance of addressing Al’s risks, Klein argued that regulating the technology in its early stages would be a mistake. He emphasized the need for Al use cases to deliver positive outcomes for employees and society.
“It’s very important that how we train our algorithms, the Al use cases we embed into the businesses of our customers, they need to deliver the right outcome for the employees, for the society. If you only regulate technology in Europe, how can our startups here in Europe, how can they compete against the other startups in Chima, in Asia, and the U.S.? Especially for the startup scene here in Europe, it’s very important to think about the outcome of the technology but not to regulate the AI technology itself”, he added.
For Nigeria, we need a national vision on semiconductors and microelectronics, and it is time to set up something like MOSIS or Europractice. Largely, a foundry which all universities in Nigeria will key-in, making it possible for students to experience end-to-end chip design, from schematics to test chip from the foundry.
Our knowledge capacity is the edge we have now in West Africa. I just checked 1 CFA franc, the currency used in Cotonou, Lome and most Francophone countries, the exchange rate with Naira is now N2.73. In 2015, it was 25 kobo. Good people, that is more than 10x appreciation in a decade. Of course, that has also given Nigeria a small positive balance of trade as people from Cotonou, Lome, etc now come to Nigeria to buy things as they have a strong currency!
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You can become whatever you want, as long as you are capable and willing to do what is required. If not, you can only become what your inaction or misdirection entails. Europe is in trouble for having lots of incompetent and clueless people in leadership. Yes, you read correctly. The problem is that those who are clueless and incompetent are not even aware, but they work hard to impose their deformities and shortcomings on everyone else.
As for Nigeria, probably we are going to be the first great country built by talking and sabotaging good intentions. The more you are productive and successful, the higher your haters and oppositions. How do you make any substantial progress with such people? Even witches still pose as activists and defenders of justice. If you cannot see through the litany of contradictions and chaos, then you are also unaware. Here, your support and admiration increase as you become worse.
What do Nigerians want? Whoever knows the answer can easily become the greatest genius.