The Norrsken Foundation has announced a significant commitment of €300 million to support European startups that utilize AI to address pressing global issues such as climate change, health, food systems, education, and infrastructure. This funding is part of a larger trend in which AI startups raised over $110 billion in 2024 alone. Norrsken emphasizes a shift from conventional AI applications focused on productivity to using AI as a transformative tool that can tackle profound societal challenges and reshape industries sustainably.
In an open letter, undersigned by all funds (which you can read in full here), the Norrsken Partners say, "The investors at Norrsken's funds have lived through multiple waves of technological revolutions..."
AI has placed godlike power at our fingertips. The question is what we choose to do with it. The world doesn't need another sales agent. We need bigger prompts.
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