France has attracted more than $2 billion for the development of generative intelligence, the most in Europe, but the region still lags behind the market leaders.

Europe and Israel together typically account for about 45% of all venture capital funding, although this is cut in half in generative artificial intelligence (AI). Writes HAS referring to TechCrunch.

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France leads Europe in Generative AI funding, with Europe and Israel together typically accounting for around 45% of annual venture funding, according to a new report from analysts at Deadroom. But if we translate this figure to a specific area of ​​IS, this share is reduced to half, and even less for generative AI.

Analysts conclude that Europe and Israel are lagging the market, although there are also interesting developments in the coming months and years. Thus, the European region will be able to catch up with representatives from other parts of the world.

Among other things, the following is mentioned:

London has the most GenAI startups. analyzed by Dealroom and about 27% of Accel’s 221 startups—almost a third of the group—were founded in London. Tel Aviv is in second place with 13%, Berlin with 12%, and Amsterdam with 5%. Interestingly, Paris was in the middle of the city ranking at 10%, despite France’s high performance in this area.

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