Accel reposted this
Ronan and Luke on why Europe should focus on AI applications, not models: Philippe Botteri, Partner at Accel, says: "Some of the core innovators in areas where AI is being disruptive are coming from Europe. That's a very exciting message for Europe. I think people have been too quick at discounting it just because we're not investing as much in foundational models." The evidence: Lovable, Synthesia, Granola, Fyxer AI. All winning in their respective spaces at the application layer. There's a massive chasm between OpenAI, Anthropic, and Google investing tens or hundreds of billions compared to Mistral AI investing in the singular billions. It's an order of magnitude different. Ronan: "I think it's okay to not win that area as a region. One, we don't have the magnitude of funding required. Two, government alignment in Europe is more cautious. The US and China are willing to run at this thing. Europe is more like 'let's stop, understand the risks, and drive this forward in a contained environment.' You can't compete with two superpowers who have more funding and are willing to take bigger risks." Luke: "There are so many unbelievably clever people in Europe. That's where you win. The talent. That's the trajectory we're on: winning the application layer." The more Antons emerge, the more it compounds. Europe has the talent. Now double down on applications.