\n
![](\"https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2024\/04\/GettyImages-1653684056-e1712928413745.jpg?w=2048\")
<\/p>\n [ad_1]
\n<\/p>\n
The potential of generative AI knows no limits. And what we have seen of it now might only be the tip of the iceberg.\u00a0<\/p>\n
For years, companies around the world have been working on mustering up their AI prowess\u2014be it in the U.S., China, or France.<\/p>\n
Generative AI\u2019s potential to boost productivity, ignite creativity, and overhaul workflows is now taking off within countless industries<\/a>. Regardless of the business case, companies working with or making their own generative AI tools have been catapulted to the forefront of the conversation.<\/p>\n Marking our inaugural Brainstorm AI conference<\/a> at the Rosewood Hotel in London, where we\u2019ll unpack some of these complex yet pressing subjects, Fortune <\/em>took a deep dive into the state of play for generative AI across the world, with exclusive insights based on data from the Amsterdam-based intelligence company Dealroom.\u00a0\u00a0<\/p>\n Our analysis covers the world\u2019s top 100 generative AI companies by funding. It\u2019s little surprise that U.S.-based (and specifically, San Francisco Bay Area-based) companies dominated other regions by light years. The Sam Altman-led OpenAI is, by far, the highest-funded AI company, while its California neighbors Anthropic and Inflection AI follow closely after. Over in Europe, the likes of Mistral AI and Aleph Alpha have gained traction for their innovations.\u00a0<\/p>\n Still, companies in France, the U.K., and Germany received a fraction of the funding\u2014not because there aren\u2019t enough of them, but because they haven\u2019t reached the mammoth size their American peers have. Israel, which we\u2019ve included in our analysis, also has a buzzing generative AI scene.\u00a0<\/p>\n In numbers, that means Dealroom\u2019s data on the 100 companies cuts off those that have raised below $70 million in total funding. That\u2019s where the bulk of Europe\u2019s fledgling companies fall.\u00a0Since Dealroom data mainly considers funding figures in this case, some noteworthy players in the generative AI realm, like Google, aren\u2019t part of the analysis below. <\/p>\n But Europe has to pat itself on the back for some of the strides it\u2019s made. For instance, three of the 15 companies on our list have female founders. Seven companies were initially founded in Europe but have since moved to the U.S., where they obtained about $1.7 billion in funding.\u00a0\u00a0<\/p>\n Given the technology\u2019s various use cases, defining what qualifies as a generative AI company can be challenging. By definition, generative AI uses algorithms to create new and realistic content\u2014including text, images, and audio\u2014based on training data. Dealroom\u2019s data,<\/a> which is as of April 2024, looks at companies that either use or create large language models trained on massive data sets to produce new content.\u00a0<\/p>\n The charts below give us a glimpse of how Europe compares to some of the world\u2019s AI power players. They also show us where the biggest strides in generative AI are being made in Europe and who the movers and shakers are.<\/strong><\/em><\/p>\nTotal funding for the world\u2019s top 100 generative AI startups, by region<\/strong><\/h2>\n