How Europe is missing out on a great opportunity with chatbots

Even though the market for chatbots is still young, Europe seems to be already lagging behind. Ethical questions, data privacy, the fear of failure, and market uncertainty are only a few issues Europeans have. While the whole world is discussing the commercialization of artificial intelligence (A.I.) and chatbots and how the market is going to grow exponentially, Europe is once again taking the seat of the quiet, conservative observer for several reasons. One of the greatest concerns involves the fear of A.I. contesting with humans for their employment. Dr. Stuart Armstrong, an expert in the field of A.I. and an Oxford researcher, pointed out that these concerns are still highly hypothetical as we are still far away from the point where robots and A.I. will become smart enough to fully replace humans. Furthermore, research in 2011 by the International Federation of Robotics found that one million industrial robots powered by A.I. actually created nearly three million jobs for humans.