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Germany’s improvement in AI startup rankings

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The rise in startups across Europe has been a steady yet sturdy inclining trend, yet Germany seems to be gaining ground in the sector, showing huge improvements in a new ranking for the best hotspots for AI startups.

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Germany has risen in the global rankings for AI startups, now sitting at 7th place, up three spots from last year. This growth is fueled by a 244% increase in AI funding in 2023, surpassing global trends. The country is home to 463 AI startups, including successful ones like DeepL. While Estonia leads the rankings for AI startups, Germany's rise showcases its increasing influence in the sector. Other countries like Sweden, Ireland, and Romania have also shown improvements. Despite global challenges, including a decline in AI funding and fewer unicorns, Germany's AI ecosystem continues to expand.

 

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