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Jean-Christophe Laloux, incoming EIF chief, announced that funds backed by the European Tech Champions Initiative now hold 15 unicorn companies. He detailed plans to expand the initiative to support smaller funds and attract co-investors, emphasizing the importance of scaling European startups within the continent for "sovereignty." The EIF will prioritize investments in deep tech, including AI, biotech, defense, and cleantech.
A new phenomenon is sweeping the artificial intelligence landscape: the emergence of what AI veteran Oren Etzioni calls “Virgin Unicorns.” These are AI labs that have achieved billion-dollar-plus valuations and
