[key points]

Key points

• •Major Western AI labs are partnering on a startup accelerator program for European startups building applications on top of their models.
• •Paris-based Station F will run the F/ai program, partnering with Meta, Microsoft, Google, Anthropic, OpenAI, Mistral, AWS, AMD, Qualcomm, and OVH Cloud.
• •The program aims to help European AI startups generate revenue faster and secure funding for global expansion, offering over $1 million in credits to access AI models and services from partner firms.
• •The initiative represents an opportunity for US-based AI labs to expand their influence in Europe by incentivizing startups to build their technologies on their models, creating long-term dependency.