Traditionally, Europe has lagged behind America when it comes to big tech, although it’s been home to companies like Spotify, Skype and Nokia. But things are changing.
According to Statista, the market size of the AI market in Europe is projected to reach $66.14bn in 2023, with an annual growth rate of 17.33% – compared to the US’s projected market size this year of $87.18bn.
Part of what’s driving growth is the increasing use of AI in healthcare in the EU, as well as in customer service and support (like chatbots and virtual assistants) and ChatGPT’s explosion into the mainstream in late 2022 showed European companies that the time was right to continue boosting their work on artificial intelligence.
So, which European cities are leading the way when it comes to being AI-ready in 2023?