Best-funded generative AI startups in Europe have BigTech experience in common
Best-funded generative AI startups in Europe have BigTech experience in common

Best-funded generative AI startups in Europe have BigTech experience in common

-Accel's report highlights that a significant number of top generative AI startups in Europe have founders with backgrounds in U.S. Big Tech companies.

  • Google is a major player in producing new generative AI startups in Europe and Israel, followed by DeepMind and Meta.

  • Universities, especially in the UK and France, are serving as 'founder factories' for generative AI startups, with many founders having academic backgrounds.

  • Key players like Mistral, Hugging Face, and Synthesia have secured substantial funding, with Mistral raising $1.1 billion to date.

  • Generative AI is defined as an emerging field that focuses on creating new content rather than just analyzing existing data.

Source: https://www.cnbc.com/2024/06/20/europes-top-funded-genai-startups-founded-by-ex-big-tech-staff-accel.html

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