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A recent report from Dealroom indicates that energy and generative AI are driving Europe's VC funding to reach $30bn this year. Energy sector remains the top sector for VC funding in Europe, with generative AI representing 10% of the continent's VC funding so far in 2024. The surge in European tech investment in the first half of 2024 signals a potential recovery for the ecosystem after facing challenges in the previous year.
The report highlights that energy companies have raised $5.6bn this year, with hydrogen firms like HysetCo securing significant investments for decarbonizing urban transport. Generative AI sector also experienced a boost, accounting for $2.6bn in funding. Notable investments include autonomous driving start-up Wayve raising $1.1bn in a Series C round, showcasing the growth in AI funding in Europe.
Isomorphic Labs, the AI drug discovery platform that was spun out of Google's DeepMind in 2021, has raised external capital for the first time. The $600
How to level up your teaching with AI. Discover how to use clones and GPTs in your classroom—personalized AI teaching is the future.
Trump's Third Term? AI already knows how this can be done. A study shows how OpenAI, Grok, DeepSeek & Google outline ways to dismantle U.S. democracy.
Sam Altman today revealed that OpenAI will release an open weight artificial intelligence model in the coming months. "We are excited to release a powerful new open-weight language model with reasoning in the coming months," Altman wrote on X.
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