European AI investment is flourishing, with a 55% increase in venture capital funding in Q1 2025, amounting to $3.4B raised, compared to $2.2B in Q1 2024. While overall tech investment in Europe fell slightly to $13.2B, excluding AI, the sector saw a 10% decline. The European Commission's commitment of €50B and additional funding planned for industrial technologies signal strong future growth in AI. The UK and Germany are leading in investments, with increased hiring in AI-related startups and scaleups, demonstrating a vibrant landscape for innovation in the sector.
European AI ambition is only getting stronger. The AI Action Summit in Paris set the bar high on what needs to be done in Europe and it's great to see that European startups and scale-ups are rising to challenge.
The rise in investment means AI companies are hiring, with 109,000 people working in AI startups and unicorns in the UK, up from 104,000 at the end of 2024.
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