Amidtense relations between big tech and the EU, Meta has announced its second AI startup accelerator in Europe.
The initiative will initially select five startups in the MVP (minimum viable product) or product stage.
The finalists will receive technical mentoring by teams at Metas AI research lab, FAIR.
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Applicationsare open until August 16, and the programme will run from September 2024 to February 2025.
All the big AI companies are Chinese and American, hesaid in an interviewwith Italian newspaper Corriere Della Sera.
Metas partnership with Scaleway shields the initiative from similar issues, guaranteeing data residency in the EU.
But it doesnt safeguard it from concerns over big techs involvement in Europes AI scene.
While the Meta-led accelerator has the potential to boost AI startups in the region, it underscores this reliance.
The UK provides an illuminating example of the consequences.
Story byIoanna Lykiardopoulou
Ioanna is a writer at TNW.
With a background in the humanities, she has a soft spot for social impact-enabling technologies.
