{"id":599208,"date":"2023-11-28T08:00:19","date_gmt":"2023-11-28T05:00:19","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/europe-has-more-ai-talent-than-us-study-finds\/"},"modified":"2023-11-28T08:00:19","modified_gmt":"2023-11-28T05:00:19","slug":"europe-has-more-ai-talent-than-us-study-finds","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/europe-has-more-ai-talent-than-us-study-finds\/","title":{"rendered":"#Europe has more AI talent than US, study finds"},"content":{"rendered":"<div id=\"article-main-content\">\n                            European tech is starting to bounce back \u2014 and AI is turbocharging the recovery.<\/p>\n<p>The continent is now home to more highly skilled professionals in the field than the US, according to new research by Atomico, a VC firm headquartered in the UK.<\/p>\n<p>This overtaking follows a decade of rapid progress. Over the past 10 years, the number of people working in artificial intelligence across Europe has increased by a whopping 1,000%.<\/p>\n<p>This talent pipeline is now flowing into some impressive startups. In 2023, <span style=\"font-weight: 400;\">AI companies raised 11 of Europe\u2019s 36 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/atomico-website-2023.test.dpdk.com\/test\/themes-2-subchapter#C2-3-18\">mega-rounds<\/a> of $100mn or more. They include France\u2019s Mistral AI, which bagged \u20ac105mn in the continent\u2019s largest-ever seed round, and Aleph Alpha, which this month secured <span>\u20ac460m in <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">Series<\/a> B funding.<\/span><\/span><\/p>\n<div class=\"inarticle-wrapper channel-cta\">\n<div class=\"ica-text\">\n<p class=\"ica-text__title\">Get your ticket NOW for TNW Conference &#8211; Bring your colleagues to get the best deals<\/p>\n<p>Unleash innovation, connect with thousands of tech lovers and shape the future on June 20-21, 2024.<\/p>\n<\/div>\n<\/div>\n<p><span style=\"font-weight: 400;\"> The pattern extends into the new herd of European unicorns. Of the seven<\/span><span style=\"font-weight: 400;\"> companies to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/atomico-website-2023.test.dpdk.com\/executive-summary#C1-0-b-plus-companies\">reach a valuation<\/a> of $1 billion this year, four focus on artificial intelligence: DeepL, Helsing.ai, Synthesia, and Quantexa. Their successes have helped Europe\u2019s ecosystem rebound to a total value of $3 trillion \u2014 equalling its 2021 peak.<\/span><\/p>\n<p>\u201cThe European tech environment today looks more stable than it has at any point since the onset of the pandemic,\u201d Tom Wehmeier, Atomico\u2019s head of intelligence, told TNW. \u201cAnd that brings with it a greater amount of certainty, predictability, and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a> confidence throughout the ecosystem.\u201d<\/p>\n<figure class=\"post-image post-mediaBleed alignnone\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-1401713 js-lazy\" alt=\"Graph showing Europe has more AI talent than the US\" width=\"1158\" height=\"626\" sizes=\"auto, (max-width: 1158px) 100vw, 1158px\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/11\/Screenshot-2023-11-21-at-13.47.08.png\" srcset=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/11\/Screenshot-2023-11-21-at-13.47.08.png 1158w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/11\/Screenshot-2023-11-21-at-13.47.08-280x151.png 280w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/11\/Screenshot-2023-11-21-at-13.47.08-250x135.png 250w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/11\/Screenshot-2023-11-21-at-13.47.08-499x270.png 499w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/11\/Screenshot-2023-11-21-at-13.47.08-796x430.png 796w\"\/><noscript><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-1401713\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/11\/Screenshot-2023-11-21-at-13.47.08.png\" alt=\"Graph showing Europe has more AI talent than the US\" width=\"1158\" height=\"626\" srcset=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/11\/Screenshot-2023-11-21-at-13.47.08.png 1158w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/11\/Screenshot-2023-11-21-at-13.47.08-280x151.png 280w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/11\/Screenshot-2023-11-21-at-13.47.08-250x135.png 250w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/11\/Screenshot-2023-11-21-at-13.47.08-499x270.png 499w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/11\/Screenshot-2023-11-21-at-13.47.08-796x430.png 796w\"\/><\/noscript><\/figure>\n<p><span style=\"font-weight: 400;\">AI isn\u2019t the only field with an impressive talent pool.\u00a0Despite a brutal series of layoffs earlier this year, there\u2019s been a net growth in the number of European tech workers. This means the rate of job creation is more than offsetting the redundancies.<\/span><\/p>\n<p>It also continues an impressive recent spell of expansion. In the last five years, Europe\u2019s IT workforce has grown from 750,000 employees to more than 2.3 million today.<\/p>\n<p>One reason for this rise comes from across the Atlantic. According to Atomico\u2019s<span> data, Europe is now a <\/span><span>net beneficiary<\/span><span> of tech talent<\/span><span> from the US.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cThere\u2019s always been this myth that Europe sees a big exodus of talent to the US,\u201d\u00a0Wehmeier said. \u201cBut when you look at their data, it shows that the inverse is actually true.\u201d<\/span><\/p>\n<figure class=\"post-image post-mediaBleed alignnone\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-1401724 js-lazy\" alt=\"Graph showing growing rates of AI investment in Europe and the US\" width=\"1152\" height=\"630\" sizes=\"auto, (max-width: 1152px) 100vw, 1152px\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/11\/Screenshot-2023-11-21-at-18.52.23.png\" srcset=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/11\/Screenshot-2023-11-21-at-18.52.23.png 1152w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/11\/Screenshot-2023-11-21-at-18.52.23-280x153.png 280w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/11\/Screenshot-2023-11-21-at-18.52.23-247x135.png 247w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/11\/Screenshot-2023-11-21-at-18.52.23-494x270.png 494w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/11\/Screenshot-2023-11-21-at-18.52.23-796x435.png 796w\"\/><noscript><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-1401724\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/11\/Screenshot-2023-11-21-at-18.52.23.png\" alt=\"Graph showing growing rates of AI investment in Europe and the US\" width=\"1152\" height=\"630\" srcset=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/11\/Screenshot-2023-11-21-at-18.52.23.png 1152w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/11\/Screenshot-2023-11-21-at-18.52.23-280x153.png 280w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/11\/Screenshot-2023-11-21-at-18.52.23-247x135.png 247w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/11\/Screenshot-2023-11-21-at-18.52.23-494x270.png 494w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/11\/Screenshot-2023-11-21-at-18.52.23-796x435.png 796w\"\/><\/noscript><\/figure>\n<p><span style=\"font-weight: 400;\">The tech talent has sparked an explosive growth in new startups. This year, Europe has produced an estimated 14,000 new founders \u2014 1,000 more than in the US.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Unfortunately, the continent\u2019s investor landscape can\u2019t yet match the ambitions of its founders. In the US, <\/span><span style=\"font-weight: 400;\">startups are <\/span><span style=\"font-weight: 400;\">40% more likely<\/span> <span style=\"font-weight: 400;\">to raise VC funding within their first five years. Yet once companies secure an initial seed investment, the chances of them reaching a billion-dollar valuation are the same in Europe as they are in the US.<\/span><\/p>\n<p>It all makes a strong case for better access to institutional investments. <span style=\"font-weight: 400;\">As Atomico notes, funding\u00a0a single company can have a generational effect. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Skype provides a powerful European example. Entrepreneurs from the firm\u2019s alumni network <\/span><span style=\"font-weight: 400;\">have gone on to launch more than <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/atomico-website-2023.test.dpdk.com\/executive-summary#C1-0-skyoe-anniversary\"><span style=\"font-weight: 400;\">900 companies<\/span><\/a><span style=\"font-weight: 400;\"> across 50 countries<\/span><span style=\"font-weight: 400;\">. Atomico calls this phenomenon the \u201cflywheel effect.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cIt\u2019s an astonishing reflection of the ability of a single company to move the needle for the ecosystem,\u201d Wehmeier said.\u00a0 \u201cAnd given that Europe\u2019s had <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/atomico-website-2023.test.dpdk.com\/executive-summary#C1-0-next-wave\">111 billion-dollar exits<\/a> over the past five years, you really get a sense of the extent to which that flywheel is going to keep spinning.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Nonetheless, the flywheel could certainly do with more greasing from investors.<\/span>\n                        <\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more like this article, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/technology\/\" target=\"_blank\" rel=\"noopener\">Technology category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/thenextweb.com\/news\/european-ai-supporting-tech-sector-recovery\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European tech is starting to bounce back \u2014 and AI is turbocharging the recovery. The continent is now home to more highly skilled professionals in the field than the US, according to new research by Atomico, a VC firm headquartered in the UK. This overtaking follows a decade of rapid progress. Over the past 10&#8230;<\/p>\n","protected":false},"author":1,"featured_media":599209,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/img-cdn.tnwcdn.com\/image\/tnw-blurple?filter_last=1&fit=1280,640&url=https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/11\/Untitled-design-1-4.jpg&signature=b921d5b0c86824ce847d27850ca6286b","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[],"class_list":["post-599208","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/599208","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=599208"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/599208\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/599209"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=599208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=599208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=599208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}