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Nico Rosberg, founder and CEO of Rosberg Ventures, says the “talent is there” in Europe, but it lacks capital and funding is “not quite the same” as in the United States.
Startup Business
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Elon Musk founded xAI in July 2023 with a 12-person staff. In just under a year and a half, the company has been valued at a reported $50 billion.
![Tech funding in Europe stabilizes after years of decline [Video]](https://smallbizsage.com/wp-content/uploads/2024/11/mp_334298_0_1080548871730296031386gettyimages11012879163949395jpeg.jpg)
VC investment in European startups is projected to decline for a third straight year, according to Atomico but there are signs things are finally stabilizing.
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Watch Global News Morning Forecast: November 8 Video Online, on GlobalNews.ca
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German aerospace startup Lilium faces insolvency if it doesn’t raise emergency funding from the state government for the southeastern state of Bavaria.