Europe is either ahead of or on equal footing with the U.S. in terms of artificial intelligence (AI), machine learning, and other technologies.
Europe has invested $2.3 billion into deep tech since the start of 2015, and this year investment is nearing $1 billion.
Since 2011 the U.K. has invested $1.3 billion in deep tech, more than any other European country, according to Dealroom.co data.
Berlin is Europe's leading hub for AI, virtual reality, and augmented reality developments.
"A new generation of entrepreneurs has been inspired by Europe's strong AI companies, and founders are now building their own their own machine intelligence, computer vision, and other deep tech startups," notes Atomico partner Siraj Khaliq. "They've found that there's plenty of talent here in Europe to make it happen, and the ecosystem is ready to power this deep tech revolution."
U.S. companies are establishing European branches, with Alphabet setting up Swiss and London hubs and Apple building bases in France, Germany, Sweden, and the U.K.
"I'm seeing this deep thinking, not just in the U.K., but also in Berlin, where they're bringing together the AI community and crypto scene to rethink some of the core questions around decentralized systems," says Exponential View founder Azeem Azhar.
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