Latest news with #FranceDigitale
Yahoo
05-02-2025
- Business
- Yahoo
Startup associations call for Europe to unite behind AI development
Europe must not fall behind in the development of artificial intelligence (AI), startups France Digitale and the European Startup Network have urged. Verena Pausder, chairwoman of the Startup Association, said Europe must act swiftly in the face of intense competition from AI giants in the US and China. "The global race for AI leadership is accelerating. Europe can rise to this challenge – with unity and determination," she said in a statement. "Our strength lies in our talent, our world-class research, and the potential of our integrated market. But to lead, we must mobilize capital, scale our startups and ensure fair competition." The European Union and key national governments had to ensure a framework that fosters innovation rather than hinders it, she said. "A fragmented approach will weaken us; a united effort will make us a global force." Chief executive of France Digitale, Maya Noël said Europe has what it takes to be a leader in AI. By working together, Europe could "harness the capital, customers, and infrastructure needed for our AI companies to thrive and be sustainable in the long term — both economically and environmentally," she said. "Let's invest in our talents — researchers and entrepreneurs alike — to build the champions of today and tomorrow." The associations called for more capital from investors to boost growth, a pan-European programme to mobilize funds, and standard regulations in areas like corporate law, taxation and employment to facilitate AI firm expansion. The associations also recommend increased use of AI in the public sector and by small and medium-sized enterprises. Currently, only a few European players have gained recognition in the AI industry. The leading European AI startup Mistral AI from France focuses on developing open-source language models. Germany's Aleph Alpha develops AI systems to automate processes in companies and public authorities, while Cologne-based translation specialist DeepL competes with Google Translate and ChatGPT's translation functions. The Munich software company Helsing specializes in AI for the defence industry, with products like a swarm-capable combat drone intended to assist Ukraine against the Russian offensive. Despite these European successes, the gap with the US threatens to widen. In January, three top technology companies announced they would join forces and invest $500 billion to grow AI in the US. The new partnership, Stargate, will be formed by OpenAI, Oracle and SoftBank. Meanwhile, the Chinese startup DeepSeek recently challenged the dominance of US tech companies by presenting a powerful AI model created at a fraction of the cost.
See - Sada Elbalad
29-01-2025
- Business
- See - Sada Elbalad
France Leads Europe with 751 AI Startups
Israa Farhan France has emerged as Europe's leading hub for artificial intelligence (AI) innovation, with 751 AI startups operating in the country by the end of 2024, according to a report by the France Digitale association. This marks a 27% increase compared to 2023, solidifying France's position as a powerhouse in AI development. French AI startups employ over 36,000 professionals, with a strong focus on healthcare and software development. Since their inception, these companies have collectively raised €13 billion, with €2 billion secured in 2024 alone. Among these startups: 43% specialize in generative AI, including foundational models and customized adaptation technologies. 28% utilize machine learning to enhance automation and predictive analytics. 20% focus on deep learning innovations. AI applications in healthcare dominate the sector, accounting for 13% of startups, followed by software development (9%) and data services & cloud computing (8%). The report also highlights that 65% of AI startups have secured funding, with 24 companies completing financing rounds exceeding €100 million. 92% of these companies plan to expand hiring within the next 12 months, signaling strong industry growth. Despite rapid expansion, AI startups in France face several challenges: 24% struggle to access necessary data for AI model development. Ensuring reliability and accuracy of AI-generated results remains a critical hurdle. High computing power demands and energy consumption present operational constraints. Additionally, French AI startups are expanding beyond Europe, with 60% of their revenue coming from international markets, reflecting their growing global influence.
Ammon
29-01-2025
- Business
- Ammon
France leads Europe in AI innovation with 751 start-ups
Ammon News - France has taken the lead in artificial intelligence (AI) innovation across Europe, with the association 'France Digitale' announcing that 751 start-ups were operating in this sector by the end of 2024, a 27 percent increase from the previous year. These start-ups employ over 36,000 individuals, with a strong emphasis on healthcare and software development. Since their inception, French AI start-ups have collectively raised a substantial €13 billion, including an impressive €2 billion in 2024 alone. Reflecting the current AI landscape, 43 percent of these companies are dedicated to developing cutting-edge generative AI solutions. Meanwhile, 28 percent leverage powerful machine learning technologies, and 20 percent specialise in the advanced field of deep learning. WAM
