The global market of generative AI is predicted to grow by 30-40% each year. There is intense competition to attract new business. Although the United States is undoubtedly winning this battle currently, some European countries are also considered hotspots for creating new AI startups. The global AI market is projected to speed upGenerative AI technology, that generates new text or video and enables faster product development, is a market that’s booming. Globally it was valued at more than €130bn in 2023. Stanford University’s latest AI report notes that most private investment, €62.5bn, took …