IPEM Cannes 2024 – The Daily Spin – January, 25th
The shifting role of LPs was the overarching theme for the morning session of Day 2, at the 10th edition of IPEM in Cannes. After a full day of yoga,…
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City of AI
It might be known as the City of Lights but Paris hopes to illuminate Europe another way; by leading the charge on artificial intelligence and making it the City of AI.
President Macron spoke recently at the Elysée Palace ahead of VivaTech, where he said this was a moment of “strategic awakening”. As the global AI revolution intensifies, France is putting its money where its mouth is by launching a new fund to invest exclusively in AI and the quantum ecosystem, as well as supporting a training program to grow France’s AI talent pool. Good news for Europe’s VC community. Indeed, President Macron referred to France and Europe as facing an existential battle, where the ability to create wealth will depend on AI. It is a clear call to arms for Europe’s VC investor community. Will they be up for the challenge ahead? Investing EUR400 million in AI research and talent across nine of France’s universities is likely to help. So here’s a message to end on: if you’re looking for AI talent, call my agent!
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Over 6,000 delegates from 2,000 firms, including 1,000 LPs and 700 GPs, will be there, don’t miss the opportunity to connect with them!
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Europe’s venture capital industry is still trying to find its feet, as it recovers from a sluggish 2023. The second quarter of the year was encouraging, with $15.6 billion raised.…