UK takes top spot in Europe, Israel for GenAI startups, says Accel

The United Kingdom is home to the biggest number of generative AI (GenAI) startups across Europe and Israel, followed by Germany and Israel, according to a study by venture capital firm Accel.

Accel analysed 221 GenAI startups and found that 30 per cent were founded in the UK, 14 per cent in Germany, and 13 per cent in Israel, with France home to 11 per cent and the Netherlands 6 per cent.