Business

Microsoft is the biggest investor in generative AI leader OpenAI, having spent some $14 billion on the startup. But Oracle will now be a big provider of data center capacity to OpenAI for training AI models.

Private investment now accounts for most of the investment in AI. The US is leading private investment in AI (€62.5 billion) in 2023, followed by China (€7.3 billion) (Figure 1). The EU and the United Kingdom (UK) together attracted €9 billion worth of private investment in 2023 (Stanford University, 2024).