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The Guardian - UK
The Guardian - UK
Technology
Dan Milmo Global technology editor

‘It’s just a matter of time’: why AI could help Europe create its own Apple or Google

A large, futuristic, and completely circular modern building resembling a flying saucer, enclosing its own extensive grounds, seen from the air
Apple’s head office in California. The company was born in a propitious environment for technology and investment in the early days of Silicon Valley. Photograph: Anadolu Agency/Getty Images

Arthur Mensch is one of a new generation of entrepreneurs hoping to solve a longstanding problem with the European economy: its failure to produce a Silicon Valley-style tech behemoth.

The 31-year-old Frenchman is chief executive of Mistral, a startup that achieved a €240m (£206m) valuation in its first round of financing – four weeks after it was founded. And he believes artificial intelligence (AI) will be the great leveller, putting Europe on a par with its previously uncatchable competitors across the Atlantic.

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