This IDC Market Note details key moves in the European artificial intelligence (AI) market between January 2023 and June 2023. It focuses on technology investments, mergers and acquisitions (M&As), and other important market moves.
Please Note: Extended description available upon request.
Executive Snapshot
In This Market Note
IDC's Point of View
Commercial Moves
European News Outlets Take a Significant Step Toward Integrating LLMs into Their Operations
Sequoia Writes Down its Stake in Graphcore
Start-Up Moves
London-Based Start-Up Builder.ai Secures $250M in Funding
French AI Start-Up Mistral AI Secures Record $113.3M in Just Four Weeks
Dutch AI Firm Axelera AI Raises $27M for Edge Computing Solutions
M&A Activity
BioNTech Acquires U.K.-Based AI Start-Up InstaDeep for £562M
Helsinki-Based Silo AI Expands Through Acquisition of Machine2Learn
PreAct Technologies Purchases Barcelona-Based Gestoos AI Platform
Scottish Firm Blackford Analysis Acquired by Bayer
Government Moves
AI Regulation Update: European Parliament Advances Draft EU AI Act
150 European Executives Send Open Letter to Criticize the EU AI Act
Italy Reinstates ChatGPT After Temporary Ban
France to Deploy AI-Powered Surveillance at 2024 Olympics
EU Inaugurates Algorithmic Transparency Research Hub in Spain