Estonia: a springboard for global startups and AI applications

We know tech giants like Amazon, Baidu, Facebook and Google have AI advantages like collecting enormous amounts of data, access to top talent, huge investments in research and development, over smaller companies. However, the possibilities offered by AI are not reserved only for the largest companies and biggest economies. Estonia is looking for ways how to attract international talent and investments; and on the other hand, its small size with limited resources requires the public administration and government to work efficiently. No wonder that in Estonia, both the government and companies have noticed the potential of AI technologies to solve these current demographic and economic challenges, as the impact of AI on GDP in the Nordics alone is expected to be considerable: 9.9% of GDP (1.8 trillion). There is a large spread of AI readiness in Europe, but even the most advanced countries are lagging the US in AI frontier.