Meta Broadens AI Startup Initiative in Europe

Meta expands AI Startup Program in Europe with Hugging Face and Scaleway, aiding five startups.

The program operates from Paris' STATION F campus, running from September 2024 to February 2025, open to EU applicants.

Startups gain access to Meta's FAIR lab and AI models like Llama, emphasizing open innovation in AI development.

The initiative highlights Europe's efforts in AI amidst concerns over data privacy and reliance on American tech infrastructure.

The program's impact on Europe's tech sector remains uncertain, despite attracting significant interest from startups and stakeholders.