Yes, the US and China dominate the AI race when it comes to foundation models and funding — but Europe should not be hiding when it comes to artificial intelligence. That is the suggestion of the new “State of AI in Europe” report, published by Prosus together with Dealroom. “We build great companies and then hand them over to the US. Europe is at the starting line on equal footing with the US. But in the breakthrough phase, US investors put in three times as much as Europe. In the late stage,