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Fortune
Fortune
Technology
Pär-Jörgen Pärson

Europe has the talent and dunding to win at AI. First, it needs to break free from the Magnificent Seven

parson (Credit: courtesy of Northzone)

For years, the narrative about European tech was one of unfulfilled promise — brilliant researchers, fragmented markets, and a chronic inability to scale. That story is changing. European AI funding reached a record $21.8 billion in 2025, up 58% in a single year. The continent’s research institutions are world-class. Its startup hubs — from Stockholm to Paris to Berlin — are producing companies that can genuinely compete on a global stage.

The talent is here. The capital is arriving. So why does Europe keep losing?

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