We are confident that our collective initiative, incl. the open letter to the EU signed by 150+ leading CEOs, has been a key impulse for this outcome. We are firm believers in the power of proactively engaging with the government to foster an effective environment for innovation.

The three countries suggest limiting the EU AI Act's strict rules to the application layer while easing rules for the underlying foundation models. Models are to self-regulated via codes of conduct.

*EU AI Act Update* Great news for our portfolio companies @MistralAI, Helsing, @Langdock_hq as well as other emerging AI players in Europe! Germany, France, and Italy came to an innovation-friendly agreement yesterday. https://t.co/hheBPJJLeE

@chriswbischoff @JulietRoseB @AlexandreMomeni FT: https://t.co/ot2YUp1eQC Handelsblatt: https://t.co/84sbpK0Hfm And https://t.co/8DMcqqLqhm

Sifted: https://t.co/NRvKx8YMS7 FAZ:

I am particularly excited to be working in close union with the London based team @chriswbischoff, Zeynep Yavuz, @JulietRoseB and @AlexandreMomeni. Let’s get to work!

When looking at Europe right now I don’t think we have time to waste to solve the pressing challenges we are confronted with. They require entrepreneurial vision and creation capabilities.

The brand La Famiglia will form the base for GC’s global seed programme. As part of the GC platform, we aim to provide even greater support and expertise to our - existing and future - portfolio.

For GC, this partnership brings the opportunity to join forces with a true EU seed platform, while further building out its creation offering in Europe in the form of active incubation of ambitious companies alongside experienced industry experts from La Famiglia’s network.

For us at LF, the partnership adds financial and platform resources to invest into the most promising European founders, turbocharging our thesis of creating meaningful change by connecting the old and the new.

I have known and admired @htaneja since we first met back in 2016, and we have been allies in the quest of global resilience ever since. We have co-invested in companies like @AppliedInt , @stripe, @tryramp, @mavenclinic and most recently @HelsingAI.

An entrepreneurial journey is defined by a vision, that may just be a faint idea at the outset and that one gets to will into being. Existentially seen that also requires the addition of grace, as so much of it depends on factors that are outside of your own control.

Building @lafamigliaVC has always been a courageous entrepreneurial endeavor. It was rooted in the deep conviction that Europe needed to up its game if we wanted to create a stronger, more resilient and ultimately more sovereign continent.

Today marks an important next step in La Famiglia’s journey. We are joining forces with @generalcatalyst to build Europe’s leading transformation platform, focusing on the early stage to invest in ambitious and enduring positive change 👨‍👩‍👧‍👦🗽

Baaam! Putting Europe on the Llm map!

magnet:?xt=urn:btih:208b101a0f51514ecf285885a8b0f6fb1a1e4d7d&dn=mistral-7B-v0.1&tr=udp%3A%2F% https://t.co/OdtBUsbMKD%3A1337%2Fannounce&tr=https%3A%2F%https://t.co/HAadNvH1t0%3A443%2Fannounce RELEASE ab979f50d7d406ab8d0b07d09806c72c

More news coverage here: https://t.co/s4aZPoF3HX ; https://t.co/pNZvpHNZkr Open Letter and Signatroies here:

It is time for Europe to again leave a mark on the world and for entrepreneurs and innovators to be able to thrive BECAUSE of the EU and its regulatory frameworks and not in spite of them.

There is a strong spirit of innovation that is being unlocked in Europe right now, with key European talent driving core technology innovation. Regulation that unfairly burdens young, innovative companies and established industry alike puts this spirit of innovation in jeopardy.

The world has long been discussing the lack of technological leadership in Europe, but now is the time to take action. We have come to the conclusion that the EU AI Act, in its current form, has catastrophic implications for European competitiveness.