National AI Strategies in CEE Lack Clear Goals
As the EU AI Act was approved exactly one year ago, in December 2024, it
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ABOUT
The Recursive is returning with the second edition of the state of AI in CEE – the most extensive research of the future of AI in the innovation ecosystem in Central and Eastern Europe. From showcasing the front-running AI product companies to exploring funding opportunities, growth potential, and the talent pool available, and highlighting best practices and ongoing challenges from different countries, our purpose is to paint a picture of the current state of development of AI innovations in the region and demonstrate the region’s potential to international investors, talent, and corporates. Last year, the conclusions of our first report on the State of AI in CEE reached millions of people, including key investors, policymakers, media, founders, and ecosystem builders worldwide.
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THE FUTURE OF AI IN CEE: From the community for the community
We are not coming from MIT, Google, or Facebook, but we believe we have a better story. People built billion-dollar businesses using Keboola. And then the same people invested as angels into the platform and kept growing with us. We then almost doubled the revenue, and we saw that it was going in the right direction.
Central and Eastern Europe could have a real advantage in terms of AI development, in particular in any public-driven space: corporate and tax-related to space, education, and medicine. We just need to put our government resources together for businesses to make it more efficient.
AI is crucial for modern businesses in the advertising sector, as it enhances creativity and efficiency by automating routine tasks. With the demand for personalized content having surged by 20x in recent years, AI helps bridge the gap between the need for high-quality, customized ads and the constraints of time, budget, and expertise.
Online Bits of THE AI MARKET
Romanian Startup Founded by Journalists Raises €1.2 Million in a Round Led by GapMinder VC
Romanian startup Parol locks €1.2 million investment (€1 million coming from GapMinder Fund II). 📍
The Drop from Bulgaria: The World’s First Fully Automated Wearable Nutrition Tracker
Rex.fit (backed by Y Combinator and Entrepreneur First) has announced the launch of The Drop,
INSAIT and ETH Zurich Entrepreneurs Launch a New Deep Tech Startup
Researchers and entrepreneurs from the Institute for Computer Science, Artificial Intelligence and Technology – INSAIT
Harvard Graduate Leverages AI for NASA to Better Understand Oceans
Oceans cover 71% of Earth and drive vital systems that impact life on land. How
Romania’s AI Startup Ecosystem: €160M Fresh Capital to Move the Innovation Needle
In 2024, Romania’s AI innovation ecosystem showcased intriguing developments, highlighted by FintechOS’s €55.2M funding round.