2024-07-10 20:00:51
Artificial Intelligence
Startups
Tech

AI-Driven Entrepreneurial Surge in Germany

In Germany, there has been a notable resurgence in start-up formations, with 1,384 new young companies established in the first half of 2024, marking a 15% increase from the previous period. The software sector, fueled by the growing digitalization and adoption of artificial intelligence, stands out as a key driver of this trend.

Notably, smaller cities like Aachen, Darmstadt, and Heidelberg are also witnessing a rise in start-up activity. While sectors like online retail are thriving, industries such as food and medicine are experiencing stagnation.

Concurrently, the widespread integration of AI in companies is leading to job reorientations for millions of employees, particularly in retail, banking, and insurance, necessitating a shift in professional focus. Despite these changes, there is optimism regarding AI's potential to streamline work processes in critical sectors like health, education, and caregiving.

The press radar on this topic:

Spiegel Unternehmen & Märkte
10. Juli 2024 um 12:22

Start-ups: AI Fuels Entrepreneurial Boom in Germany - DER SPIEGEL

Economy
Technology
The number of start-up formations in Germany has risen again after a decline. In the first half of 2024, 1,384 new young companies were established, an increase of 15% compared to the second half of 2023 and 7% more than in the same period of the previous year. The software sector is the main driver of the industry, as the increasing digitalization and the use of artificial intelligence are driving the formations. There were also increases in other sectors such as online retail, while the food and medical sectors stagnated.
Spiegel Wirtschaft
10. Juli 2024 um 12:22

Start-ups: AI Fuels Founder's Bloom in Germany - DER SPIEGEL

Economy
Technology
The number of start-up foundings in Germany has risen again after a decline. In the first half of 2024, 1,384 new young companies were created, an increase of 15% compared to the second half of 2023. The software sector and the use of artificial intelligence are particularly driving the industry. Smaller cities and regions like Aachen, Darmstadt and Heidelberg are also seeing an increase in foundings.
n-tv.de
10. Juli 2024 um 06:12

New Startups on the Rise: AI Boom Gives Startup Scene a New Boost - n-tv.de

Technology
Economy
The startup scene in Germany is experiencing a new upswing thanks to the AI boom. In the first half of 2024, 1,384 new startups were founded, an increase of 15% compared to the second half of 2023 and 7% more than in the same period the previous year. The software sector is particularly driving the industry, with a 35% increase in new startups. Other sectors such as e-commerce are also growing, while the food and medical sectors are stagnating. Regional hubs are Berlin, Bavaria, and North Rhine-Westphalia.
Heise
10. Juli 2024 um 09:33

Federal Minister of Labor: AI forces millions to reorient their jobs | heise online

Technology
Economy
According to Federal Labor Minister Hubertus Heil, the triumph of artificial intelligence in companies is forcing millions of employees in Germany to change their work. Many activities, especially in retail, banking and insurance, can be automated, which requires a professional reorientation. The requirements for employees are also changing in industry, although the work does not disappear. However, the minister also sees potential for AI to facilitate work in areas such as health, education and care.
CW

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