EXPECTED IMPACTS: The impact of the innovation developed in METASPIN is a significantly improved performance of AI applications at a reduced energy cost. Currently, embedded AI systems cannot learn continuously: a medical system, for example, cannot adjust to new data arising from its actual operation on patients and has to rely on external updates. METASPIN technology will allow autonomous systems (medical, elderly care, autonomous vehicles) to never stop learning and to become significantly less power-hungry. This will serve society by bringing high-performing and new AI applications to the market, improving quality of life through digital companionship and assistance at low power. A higher energy efficiency will also contribute to reducing climate change and Europe’s external energy dependence. A precise impact assessment will be performed in WP5 to provide quantitative projections based on our results.
A major impact is already envisioned in the economy by opening a new high-performing/low-consumption AI hardware market for edge computing applications.
A more human-like AI technology that can perform continuous learning will have a particularly positive impact in applications like elderly care, smart medical monitoring, and autonomous transportation that can drastically improve the quality of life of the most vulnerable sectors of society. This high societal impact goes in hand with an enormous economic potential in an ever-growing AI industrial sector, where the USA has rapidly taken the lead in both IoT and medical applications. The development of Europe’s AI innovation potential, to which this project contributes, is therefore urgent to keep a leading place in the global technological market. Finally, our approach also tackles the most urgent societal challenge of our times, the fight against climate change, by reducing the power consumption of AI.
AI applications are currently becoming a leading source of energy consumption in Information Technology, therefore, innovative low-power AI schemes are key to a more sustainable economic model for the EU.