UK AI startups valued at $256bn, representing 22% of country's innovation. $2.1bn raised in H1 2024 projected to double, indicating a record year after $4.1bn in 2021.
AI rounds in energy, healthcare, law, finance. London's Wayve led investments with $1.1bn, followed by Stability.ai with $80mn. AI share of UK VC at all-time high 23%.
Europe sees AI investment growth, AI now 18% of continent's VC funding. GenAI attracted 10% funding in Q2 2024, hitting $2.6bn. UK leads Europe in VC investment, raising $9.4bn in H1 2024.
UK surpasses France, Germany in VC funding. Swiss firms raised $1.7bn, Netherlands at $1.6bn. Despite imbalances, Europe's VC funding on the rise, showing signs of rebound.
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