Madrid is projected in Europe as the epicenter of the largest Artificial Intelligence (AI) ecosystem on the Old Continent thanks to the confluence of talent, companies, investment and startups. The conclusion emerges from the ‘GenAI Unconference’ held this week in the Spanish capital with the participation of 30 technological experts and 200 attendees from 15 countries.
The Madrid City Council, Finnovating and the Madrid Big Data and Artificial Intelligence Cluster acted as hosts of an international forum that included the participation of Carlos Segura Gutiérrez, president of the Central District of the Madrid City Council and Ángel Niño Quesada, delegate of Innovation and Entrepreneurship. He also intervened Rodrigo García de la Cruz, CEO of Finnovatingwho recalled that “Madrid has been converted into the FinTech Capital, being the fourth city in the world in the sector, and now we are ready to do the same with AI.”
For its part, Cesar Blanco García, president of the Madrid Big Data and Artificial Intelligence Clusterhighlighted the cluster’s objective of turning Madrid into a reference technological pole, uniting companies, universities and technology centers in the city of Madrid to strengthen Big Data and thus develop Artificial Intelligence.
The event was also attended by AI and GenAI leaders from AWS, Google, IBM and Microsoft, who highlighted Madrid’s unique infrastructure in Europe and the importance of proper data management, governance and security as key elements for adoption. successful AI.
Diego Creel, Head of Europe at Incodewarned about the increase in cyber attacks related to GenAI: “9 out of 10 companies have suffered cyber attacks, and the use of AI in fraud is growing. By 2024, a loss of 15 billion euros is estimated due to fraud, and 70% of companies will need prevention programs by 2026.”
According to Paco Porras of Merlin Propertiesthe Iberian Peninsula has a privileged location and conditions to develop AI factories, data processing centers with specific supercomputers optimized for AI, which are, among others, essential digital infrastructures for the development of industry 4.0. In fact, Spain is an ideal place for the expansion of data centers, with a record investment of 30 billion euros in just six months.
Javier López de la Morena, head of Finnovating GenAIanticipated that 2025 will be the year of the implementation of GenAI in the business and public sector. With this objective, it announced the upcoming launch of Finnovating GenAI, the first Marketplace that will connect the actors of the GenAI ecosystem in Europe and Latin America to develop projects and connect with suppliers and partners.
The event also addressed the ethical and regulatory challenges of AI, with experts such as Pablo García Mexía and Miguel Ángel Barroso (Herbert Smith Freehills) commenting on the opportunities that the European Artificial Intelligence Regulation is generating. Furthermore, experts such as Antonio Serrano and Juan Ignacio Rouyet They indicated that ethics and data governance will be key to any implementation of AI in organizations.
#Madrid #projected #European #Capital #Generative #Artificial #Intelligence
