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Europe’s tech sector is evolving fast. Is it fast enough?

Despite record expansion and growing ambition in the continent, the US is surging ahead again

In a buzzy bar in chilly Helsinki, Anton Osika declared a bold ambition on Tuesday night. “You can build a global AI company from Europe,” Lovable’s co-founder told a cheering crowd, celebrating the first anniversary of his Swedish software start-up’s launch. 

The 35-year-old self-declared “nerd” and former particle physicist at Europe’s nuclear research organisation Cern certainly has an impressive, if brief, start-up story to tell, even compared with the turbocharged standards of Silicon Valley. 

His vibe coding company’s mission to “democratise” software, enabling any user to build their own websites and applications, has rapidly drawn millions of users. Lovable claims 100,000 new projects are being built on its AI-enabled platform every day. Osika’s aim is to create Europe’s first $1tn company.

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