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Ireland is poised to benefit from a reevaluation of generative AI investments, which have recently caused market volatility. Grit Young from EY Ireland highlights that the initial shock stemmed from a reassessment of the timeline for financial returns on these investments. As expectations are tempered, this shift could lead to a more sustainable investment environment in Ireland.
The new EU Artificial Intelligence Act and existing GDPR regulations provide a solid framework for investment in AI technologies. This regulatory clarity is expected to encourage a more disciplined approach to AI investments, allowing for better workforce upskilling and broader market participation. As valuations decrease, opportunities for niche startups to thrive in specific sectors, like autonomous driving, may emerge.
• Ireland may gain from a more measured approach to AI investments.
• New EU regulations support sustainable AI investment strategies.
The article discusses how generative AI investments have led to market volatility and a need for reassessment.
This act is highlighted as a factor that provides clarity and support for AI investments in Ireland.
The article notes that AI-driven venture capital investments have been heavily skewed towards US startups.
EY's insights on the investment landscape in AI are crucial for understanding market dynamics.
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