in 2024, 47% of AI solutions were built internally and 53% were purchased; today, 76% of all AI is purchased rather than developed in-house.

Within three to four months, you can run a model with similar performance on your laptop; 23 months later, you can run the same model on your phone.

Within ChatGPT Business and Enterprise, the number of Codex users has grown 6x since January.

Silicon Valley has not demonstrated joined-up thinking for deploying AI.

But won’t this stifle innovation, one might worry? Quite the opposite, we think. Europe's competitive advantage in AI is unlikely to arise from pouring hundreds of billions into building the largest foundational models. Instead, it will come from industrial adoption, effectively integrating GPAI into useful downstream applications–an approach that plays to Europe’s true strengths: rich data pools, world-class applied engineering capabilities and dynamic SMEs, which make up 99% of all businesses.