After becoming one of the early adopters in Europe of artificial intelligence, Klarna CEO Sebastian Siemiatkowski says the lender may have gone too far in using the technology to cut costs at the expense of service and product improvement.

Mistral's latest funding round, led by ASML, cements its status as Europe's most valuable AI startup.

While Europe may lag overall in the race for global AI dominance, the region has produced some strong contenders. The most heavily funded and probably best known is Paris-based generative AI startup Mistral,

The European Union’s Artificial Intelligence Act, known as the EU AI Act, has been described as “the world's first comprehensive AI law” by the European Commission.

Helsinki, Finland-based DataCrunch Oy, a provider of high-performance artificial intelligence infrastructure, said today it has raised €55 million, about $64 million, in early funding to scale its compute platform in an ambitious bid to become Europe’s first AI cloud hyperscaler.

One year after Europe vowed to catch up with the US and China on innovation, a Deutsche Bank report finds limited progress, with AI still lagging.

Europe's fastest supercomputer Jupiter was inaugurated Friday in Germany with Chancellor Friedrich Merz saying it could help the continent catch up in the global artificial intelligence race.

Does this mean that Europe has lost its chance to benefit from the AI revolution on equal terms with the U.S.? Not necessarily. The value of AI mostly manifests in how firms use the technology, says Matthias Tauber,