Deputy Minister of Research Nicodemos Damianou on Friday stressed the importance of investing in artificial intelligence (AI) at the Demystifying and Unleashing AI conference in Nicosia.

Highlighting AI’s potential for innovation, efficiency, and growth in both the public and private sectors, he emphasised the necessity of a strategic approach to align AI applications with social and ethical standards to ensure they benefit humanity.

The deputy minister noted that “Cyprus has progressed significantly in this area, having already notified the European Commission of the national public authorities responsible for enforcing AI compliance.”

Additionally, he mentioned the recent establishment of a national AI working group, chaired by the Chief Scientist for Research, Innovation, and Technology of Cyprus, which includes experts from academia and industry. 

On the topic of public sector involvement, Damianou announced an upcoming funding programme specifically designed to enhance government services through AI.

“€5 million will be made available through the Research and Innovation Foundation to the local ecosystem to develop innovative AI solutions that address specific challenges faced by the public sector,” he stated.

According to him, these challenges are currently being identified in consultation with various ministries and government agencies. 

“The possibilities are limitless and the choices we make today will determine the world of tomorrow,” Damianou concluded.