But the rise of DeepSeek suggests European leading firms like France's Mistral, Germany's Aleph Alpha and many other, smaller ventures could also gain ground in the AI race — perhaps even on the cheap. “This shows that the race for AI is far from being over,” European Commission spokesperson Thomas Regnier told reporters on Tuesday in Brussels.

Experts say that China’s AI development shows that regulation does not have to be a barrier for innovation. View on euronews

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Europe had multiple AI startups that could plausibly compete with OpenAI and Google. Now it has Mistral.Most Read from BloombergWhat Happened to Hanging Out on the Street?Vienna Embraces Heat Pumps to Ditch Russian GasBillionaire Developer Caruso Slams LA Leadership Over WildfiresHow Sanctuary Cities Are Preparing for Another Showdown With TrumpHoboken PATH Station Will Close for Almost a Month on Jan.

French AI startup Mistral, dubbed Europe's OpenAI, plans an IPO, not a sale, as it expands globally with over €1 billion raised since 2023.

China-based DeepSeek's artificial intelligence model has shaken the sector by offering high performance apparently at a fraction of the cost of those developed by US giants, with many experts saying the release also hints at opportunity for investment minnow Europe.

While the EU is implementing sweeping rules to ensure user safety and accountability, U.S. President Donald Trump is rolling back protections and giving more influence to the tech industry.

Europe needs it the most,” SAP CEO Christian Klein said in response to the U.S.’ Stargate Project — a $500 billion investment in AI infrastructure.

OpenAI announced that it is launching a research preview of Operator, an AI agent that can take control of a browser and perform tasks.

Nvidia stock rose in Europe on Wednesday, suggesting shares in the company at the heart of the artificial intelligence markets boom may recover further after a steep drop this week triggered by the rise of China's DeepSeek AI tool.

European industrial stocks such as Schneider Electric and Prysmian surged on Wednesday as traders warmed up to prospects of their U.S. business after Donald Trump unveiled a new artificial intelligence (AI) investment push.

Europe needs it the most,” SAP CEO Christian Klein said in response to the U.S.’ Stargate Project — a $500 billion investment in AI infrastructure.