In a podcast interview with the German newspaper ‘FAZ’ on 31 July 2020 Sepp Hochreiter, Professor at the University of Linz (Austria), developer of the key AI algorithm LSTM, explained the background of his invention in the 90s. He also shared a revealing anecdote: At a conference in the US, Amazon people contacted him to tell him they only came to say thank you as his algorithms would help them increase their revenues by the billion, and invited him for a Mojito. He remarked that US companies know how to make billions and the European inventors get a Mojito. This is indicative and shows one thing: Digital sovereignty is not a question of technology but of entrepreneurship. I wonder whether this lesson will ever sink in with policy makers.
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Detlef EckertArchives
January 2024
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