Europe is leading the way in AI and machine learning (and even Silicon Valley wants in)

The State of European Tech report points to the success of tech-based businesses or acquisitions across the continent, but at the core of this success is deep tech. When it comes to advances in AI, machine learning, VR and AR, drones, robotics and 3D printing, Europe is either leading the way, or is on par with the likes of the US. Since the start of 2015, $2.3 billion has been invested into deep tech in Europe and 2016 is on track for $1 billion – four times the amount in 2011. Even Norway, the lowest ranking country of those studied, has received $56 million in the past five years. These figures also don't represent the recent acquisition of Skyscanner by China's Ctrip travel firm.