Analysis

February 23, 2023

The AI race is heating up — but Europe is sitting on the bleachers

AI innovations are the hot topic of the moment — so why aren’t investors flocking to European deeptechs?


Sadia Nowshin

2 min read

Image: midjourney

The AI competition is fierce — but Europe isn’t leading the herd. In fact, in many ways it’s trailing behind as its rivals accelerate. Last year the continent’s AI startups raised $15bn in funding, while the US more than doubled that figure with $33bn. 

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Sadia Nowshin

Sadia Nowshin was a reporter at Sifted covering foodtech, biotech and startup life. Follow her on X and LinkedIn

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