Key European AI Market Events, 1H23

Key European AI Market Events, 1H23

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 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
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