Prosus: Tech investor Prosus wants to build AI lab in Amsterdam

Copyright © Emerce 2023 Tech investor Prosus wants to invest more than $10 billion in European technology and build a world-class AI laboratory in Amsterdam . ' Europe has everything it needs for a thriving ecosystem, but is stuck in too much focus on risk and regulation,' said Fabricio Bloisi , CEO of Prosus Group . ' Europe needs more Big Tech to drive innovation, create jobs and shape the future.' In a report titled " Towards a European Tech Champions League : The case for European Big Tech," Prosus discusses the challenges and opportunities for Europe in creating Big Tech champions. To create Europe's first trillion-dollar tech company, companies must build composite tech ecosystems. This means companies must use their strengths in one area to build other companies on top of them. This creates networks of products and services that reinforce each other and drive growth, write Prosus . Europe will need to invest in leading champions, streamline its regulations, bring together capital markets to scale innovation, attract top global talent and establish strong tech hubs. No further details are given about the AI lab in Amsterdam . © The Content Exchange, source News Copyright © Emerce 2023 Tech investor Prosus wants to invest more than $10 billion in European technology and build a world-class AI laboratory in Amsterdam . ' Europe has everything it needs for a thriving ecosystem, but is stuck in too much focus on risk and regulation,' said Fabricio Bloisi , CEO of Prosus Group . ' Europe needs more Big Tech to drive innovation, create jobs and shape the future.' In a report titled " Towards a European Tech Champions League : The case for European Big Tech," Prosus discusses the challenges and opportunities for Europe in creating Big Tech champions. To create Europe's first trillion-dollar tech company, companies must build composite tech ecosystems. This means companies must use their strengths in one area to build other companies on top of them. This creates networks of products and services that reinforce each other and drive growth, write Prosus . Europe will need to invest in leading champions, streamline its regulations, bring together capital markets to scale innovation, attract top global talent and establish strong tech hubs. No further details are given about the AI lab in Amsterdam . © The Content Exchange, source News