Key European AI Market Events, 1H23

This IDC Market Note details key moves in the European artificial intelligence (AI) market between January 2023 and June 2023. It focuses on technology investments, mergers and acquisitions (M&As), and other important market moves.

Executive Snapshot

In This Market Note

IDC's Point of View

• Commercial Moves
  • European News Outlets Take a Significant Step Toward Integrating LLMs into Their Operations
  • Sequoia Writes Down its Stake in Graphcore
• Start-Up Moves
  • London-Based Start-Up Builder.ai Secures $250M in Funding
  • French AI Start-Up Mistral AI Secures Record $113.3M in Just Four Weeks
  • Dutch AI Firm Axelera AI Raises $27M for Edge Computing Solutions
• M&A Activity
  • BioNTech Acquires U.K.-Based AI Start-Up InstaDeep for £562M
  • Helsinki-Based Silo AI Expands Through Acquisition of Machine2Learn
  • PreAct Technologies Purchases Barcelona-Based Gestoos AI Platform
  • Scottish Firm Blackford Analysis Acquired by Bayer
• Government Moves
  • AI Regulation Update: European Parliament Advances Draft EU AI Act
  • 150 European Executives Send Open Letter to Criticize the EU AI Act
  • Italy Reinstates ChatGPT After Temporary Ban
  • France to Deploy AI-Powered Surveillance at 2024 Olympics
  • EU Inaugurates Algorithmic Transparency Research Hub in Spain

Learn More

• Related Research
• Synopsis