Five European raises, €1.2B, last week 🪴

• A new report released Wednesday indicates that rising AI adoption could create a $23 billion investment opportunity in India's data center sector. • The growth is expected to be driven by the deployment of 650,000 to 700,000 GPUs across the country's data centers over the next five years.

• European leaders are currently divided over strategies to reduce Big Tech's dominance, specifically regarding mobile satellite spectrum access and cloud tender restrictions for multinationals. • The debate centers on the EU's Cloud and AI Development Act, which aims to protect sensitive data from bad actors and close the digital services gap with the U.S. and China.

• The Netherlands has maintained its status as Europe's leader in AI adoption, with 61% of Dutch companies utilizing the technology compared to an EU average of 54%. • Despite this lead, a significant readiness gap exists, as only 23% of Dutch firms are prepared to implement next-generation systems like agentic AI.

• The Chinese government has imposed new overseas travel restrictions on top AI talent working for private firms, including Alibaba Group and DeepSeek. • These measures target a broad spectrum of professionals, specifically startup founders, researchers, and executives involved in advanced AI research and development.

• A recent statement from the Association of Chartered Certified Accountants (ACCA) reveals that 48% of finance professionals in Singapore fear AI will negatively impact their job roles. • Despite these concerns, there is a strong sense of adaptability, with 81% of these professionals expressing confidence in their ability to learn and apply AI technology.

• Artificial intelligence is increasingly replacing white-collar workers in the UK, where the services sector constitutes approximately 80% of the national economy. • Research indicates that job postings for AI-exposed roles, specifically software developers and data analysts, declined following the launch of ChatGPT in November 2022.

• Netskope Threat Labs’ 2026 Europe Report reveals that AI is increasingly difficult for security teams to govern as it evolves beyond standalone tools. • The research highlights a growing pressure on European data governance frameworks as AI integration becomes more complex across various platforms.

• The European Union is utilizing the Horizon Europe funding programme (2021–2027) to provide financial support to creative startups aimed at disruptive innovation. • With a total budget of approximately €95.5 billion, including €5.4 billion from NextGenerationEU, the initiative focuses on research, innovation, and the recovery of the EU economy.

• A new list identifies the top 10 European startups driving the "agentic AI" boom, focusing on tools that perform autonomous actions rather than just generating content. • The featured companies, including Paris-based 2501.ai, were all founded between 2023 and 2026, with funding data provided by Dealroom.co.

• India's startup ecosystem is shifting its focus toward sustainable and disciplined growth, prioritizing profitability and AI adoption over rapid, unchecked scaling. • Key developments include Cashfree reaching a significant profitability milestone and upGrad implementing strategic leadership changes to steer its future direction.

• UK workers, including translator Jessica Spengler, are reporting job insecurity as they are tasked with training the AI systems that may eventually replace them. • On February 28, 2026, protesters organized by PauseAI UK and other advocacy groups gathered outside Google Deepmind's London offices to demand stricter controls on advanced AI development.