"On Tuesday, Station F announced it had partnered with Meta, Microsoft, Google, Anthropic, OpenAI and Mistral, which it says marks the first time the firms are all participating in a single accelerator. Other partners include cloud and semiconductor companies AWS, AMD, Qualcomm, and OVH Cloud. An accelerator is effectively a crash course for early-stage startups, whereby founders attend classes and lectures, consult with specialists, and receive introductions to potential investors and customers. The broad aim is to help startups bring ideas to market as quickly as possible."
"The 20 startups in each F/ai cohort will undergo a curriculum geared specifically toward helping European AI startups generate revenue earlier in their lifecycle, in turn making it easier to secure the funding required to expand into the largest global markets. "We're focusing on rapid commercialization," says Roxanne Varza, director at Station F, in an interview with WIRED. "Investors are starting to feel like, 'European companies are nice, but they're not hitting the $1 million revenue mark fast enough.'""
Station F launched F/ai, an accelerator partnering with Meta, Microsoft, Google, Anthropic, OpenAI, Mistral, and infrastructure partners AWS, AMD, Qualcomm, and OVH Cloud. The program selects 20 European startups per cohort that build applications on top of foundational models and focuses on rapid commercialization to help startups reach revenue milestones and attract funding. The accelerator runs three months, twice yearly, and the first cohort began January 13. Startups receive more than $1 million in credits for model and compute access instead of direct funding. Many cohort companies were recommended by top VCs such as Sequoia Capital, General Catalyst, and Lightspeed.
Read at WIRED
Unable to calculate read time
Collection
[
|
...
]