Artificial intelligence has become a powerful tool for companies all over the globe, including Europe. Currently, Europe is the second- largest market for entrepreneurs starting an AI company. (Read our Global AI Industry report with Roland Berger for details.)
Europe has the critical elements needed to become a global key player in the growing AI industry. We have great fundamental AI researchers from institutions including ETH Zurich, the University of Oxford, the University of Cambridge, TU Munich, Delft University of Technology, and École Polytechnique.
Research institutes such as the German Research Institute for AI (DFKI), Max-Planck, or Fraunhofer have helped develop applied AI solutions.
The European Union continues to build a single domestic digital market, including clear regulation on data sharing and privacy.
The European Commission, as well as governments in the UK, France, Germany, and the Nordics, are developing AI strategies to foster the growth of this promising industry.