Opinion: Europe’s VCs must embrace risk — or resign the AI era to US control

Europe’s AI startups are losing ground to the US — and their own investors are to blame. Only 5% of global venture capital is raised in the EU, according to the European Commission. The US, by contrast, attracts more than half, while China takes 40%. Yet Europe isn’t capital-poor: households save €1.4tn a year, nearly twice as much as in America. Still, very little of that money finds its way into startups, despite a plethora of incentives like the UK’s EIS tax reli