The European startups racing to power the AI boom
Sifted ● Covered by 3 sources
European startups are developing AI chips and infrastructure to address the continent's electricity constraints and reduce dependence on US technology for artificial intelligence applications. Key players include companies funded between €2.2 billion and €9.1 billion, with funding rounds occurring from 2023 onwards, though the article is largely unreadable due to encryption. These efforts aim to enable Europe to build domestically sovereign AI capabilities and reduce reliance on imported chips and data center infrastructure.