State of AI report: what's next for European tech?

General purpose artificial intelligence is increasingly becoming a game for Big Tech and Big Government in the US and China, leaving Europe trailing in the dust. But AI is also a game for nimble startups that can creatively apply the technology to particular business niches, giving Europe a chance to flourish. Those are two of the main takeaways from the third annual 176-slide State of AI report, written by Nathan Benaich and Ian Hogarth, two of the most active angel investors in the UK in AI startups. They also highlight the investment momentum that is building behind European AI startups in the life sciences and military fields, in particular. One of the most striking features of AI research, as shown in the report, is how it is being driven by huge amounts of capital, data and computing power, meaning that only the biggest players can lead in many fields.