This is spoil, the new European promise in AI

When we think of the big companies that are marking the step in artificial intelligence, it is easy for the first names to come to mind are OpenAI, Google, Microsoft, Meta or Anthropic, that by the way it has just published a fairly useful guide to improve our prompts. They could also sneak into Deepseek or the European Mistral ai. And although each one would have its own ranking, the general trend reflects something clear: the mastery of the United States in the overall narrative of AI is difficult to ignore.

Europe and China appear more blurred in that collective mental map. In the case of the Asian giant, it is not so much for lack of muscle –He has companies like Baidu or Tencent by betting strong-, but for cultural distance, access restrictions and a strategy that advances through different lanes. Even so, many analysts agree that China is gaining ground at high speed. Europe, meanwhile, is still looking for how to make a hole While adjusting its criticized regulatory framework.

In that context, Mistral AI has achieved something that seemed out of European reach: play in the same league as the great US models. Its valuation already exceeds 6,000 million eurosand it is not uncommon to see her appear in technical comparisons with OpenAI or Google Deepmind. Founded by former Meta and Google engineersthis French company has put Europe again in the radar of innovation. But it is not alone.

A Swedish startup, a huge assessment and an AI that already generates millions

A new actor has just broken into the scene. It does not come from Paris, but from Stockholm. Is called Lovableand has not needed much time to get attention. Founded in 2023this Swedish startup has become one of the most promising names of the European panorama in AI. At the end of November he launched his star product: A platform capable of building complete web applications From a simple written instruction. In just six months, his CEO, Anton Osika, announced that They had already reached the 50 million annual recurring income. The figure not only impressed the technological community, it also lit all the alerts of risk capital.

According to Financial Times and TechcrunchLovable is finalizing a financing round of more than 150 million dollars, which would place its assessment close to 2,000 million. The operation would be led by Accel, with the participation of Creandum – which had already invested in February in a round of 15 million – and signatures like 20Vc. It is not usual to see such a abrupt jump in such a short time, but in this case it seems that the market is validating it.

The technical proposal is ambitious: Lovable promises to generate the backend, the border and the connection with databases such as Suppabase without writing a single line of code manually. Some users have already tested their web creation tool with striking results. From a fairly simple prompt, about 250 characters, the platform is capable of generating in a few seconds a functional, picturesque page with a coherent structure. It is just a test, and it would probably need much more work to have a real product, but the result is still surprising.

This platform works with a loan system – for example, 25 dollars per month They entitle 250 credits – and is presented as an accessible alternative for those who want to develop products without an engineering structure behind. But Lovable has not comply with that. This week has announced a new beta: an AI agent who goes a step further. The idea is that this system not only generates code, but that it is able to understand existing projects, edit files, debug errors and assume maintenance tasks.

It remains to be seen if Lovable will be able to consolidate its place in a field as competitive as that of the generative AI. But what he has achieved until now is not less: in just two years he has built a functional tool, he has reached figures that many startups take years to touch and aroused a growing interest between users and investors. Europe was already giving clear signs that I wanted to play a relevant role in this race, and the emergence of Lovable does nothing but reinforce that trend.

Images | Lovable | Xataka screen capture

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