Accel: Europe and Israel's AI apps momentum

The U.S. is far ahead of Europe in the race for large AI models, at least in funding. But the picture is different for the application layer, global VC firm Accel highlighted in its 2025 Globalscape report.

Also, Australia's intelligence chief warned that Chinese hackers are trying to break into its networks, sometimes successfully, to "pre-position" for sabotage ahead of an anticipated invasion of Taiwan.

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