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Opinion: Europe’s VCs must embrace risk — or resign the AI era to US control
Europe’s AI startups are losing ground to the US — and their own investors are to blame. Only 5% of global venture capital is raised in the EU, according to the European Commission. The US, by contrast, attracts more than half, while China takes 40%. Yet Europe isn’t capital-poor: households save €1.4tn a year, nearly twice as much as in America. Still, very little of that money finds its way into startups, despite a plethora of incentives like the UK’s EIS tax relief for business angels. Even when funding is available, Europe’s venture capital firms are slow and cautious. Funds…This story continues at The Next Web