Sweden has emerged as a prime location for AI startups, boasting a remarkable revenue growth of 1,127%, solidifying its status as a leading tech hub.
The global generative AI market was valued at over €130bn in 2023, with projections suggesting annual growth rates of 30-40%, highlighting immense potential for new entrants.
The competition for attracting AI businesses intensifies, with the US retaining a significant lead in private investment at €62.5bn, while Europe sees promising growth in its tech landscape.
The ranking of countries for launching AI startups places Sweden third overall due to a combination of high revenue growth, supportive business environment, and substantial private investment.
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