The global race for the AI app layer is still on | TechCrunch

Image for article The global race for the AI app layer is still on | TechCrunch
News Source : TechCrunch

News Summary

  • European and Israeli cloud and AI applications have raised 66 cents for every dollar raised by their American counterparts in 2025 so far.
  • A new breed of AI-native applications has reached $100 million in annual recurring revenue in a matter of years, a feat that used to take decades.
  • While Europe has kept high hopes for homegrown foundation model companies like Mistral AI, Accel’s outlook for European model companies is less sunny.
  • It could still happen for smaller models but “it is not a very target-rich environment,” he added.
The U.S. is far ahead of Europe in the race for large AI models but the picture is different for the application layer, with emerging category leaders such as Lovable and Synthesia. Thats the conc [+3235 chars]

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