AIThe Next Webabout 2 hours ago
Europe wins AI profits via tools, not models
1 min read
Europe's industrial giants profit from the AI boom without building frontier models. ASML's lithography machines, essential for advanced AI chips, approach a trillion-dollar valuation. SAP's enterprise software and Siemens, Schneider, and Prysmian's power infrastructure benefit from data-centre demand, while startups like Mistral remain exceptions.
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