Europe's AI Funding Gap Laid Bare as Startups Turn to US Capital Markets

France is churning out AI unicorns like Mistral AI, yet the continent's startups are still hungry for American cash. US generative AI startups raised $97 billion last year; Europe managed just $5.9 billion — a gap that explains why French-founded Hugging Face is headquartered in New York and why Pasqal listed on Nasdaq before planning a later Euronext debut. Mistral's €3 billion raise valued it at over €21 billion, but even that round relied on a mix of Samsung, Boston-based...