{"id":12303,"date":"2024-01-16T16:13:12","date_gmt":"2024-01-16T16:13:12","guid":{"rendered":"https:\/\/fintech.global\/aifintech100\/?p=12303"},"modified":"2024-01-17T16:16:15","modified_gmt":"2024-01-17T16:16:15","slug":"ai-investment-soars-in-european-smbs","status":"publish","type":"post","link":"https:\/\/fintech.global\/aifintech100\/ai-investment-soars-in-european-smbs\/","title":{"rendered":"AI investment soars in European SMBs"},"content":{"rendered":"<p><strong>The latest study from Spendesk, a comprehensive spend management solution catering to SMEs, reveals significant insights into the burgeoning AI sector, particularly its impact on European small and medium-sized businesses (SMBs).<\/strong><\/p>\n<p>The study, surveying European companies, focuses on business expenditure related to AI tools. It highlights a notable increase in both the total spending and the number of transactions per business associated with AI.<\/p>\n<p>Key findings include that 40% of European SMBs have paid for AI tools, with the average spend per company escalating from \u20ac431 in 2022 to \u20ac675\/\u00a3581.81 in 2023. The study underscores ChatGPT as the most widely used AI tool, accounting for 85% of transactions across the UK, Germany, and France. Other notable tools include MidJourney and Fireflies.ai. The UK, despite showing lower growth in transaction volume compared to France and Germany, emerged as the highest spender on AI tools on average, with a figure of \u20ac835\/\u00a3719.52.<\/p>\n<p>Spendesk\u2019s VP Europe, Stephane Baranzelli, said, \u201cInvestment in artificial intelligence tools ramped up last year, despite economic uncertainty, with OpenAI in particular driving the democratisation of AI and its many uses.<\/p>\n<p>\u201cWhile 2023 centred around the discovery and adoption for AI, in 2024, its widespread implementation will be evident across companies of all sizes and industries. The organisations that take a considered and educated approach, combining AI with human intelligence, will reap the biggest rewards these tools can offer.\u201d<\/p>\n<p>Keep up with all the latest FinTech news\u00a0<a href=\"https:\/\/fintech.global\/category\/fintech-news\/\" target=\"_new\" rel=\"noopener\">here<\/a>.<\/p>\n<p>Copyright \u00a9 2023 FinTech Global<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The latest study from Spendesk, a comprehensive spend management solution catering to SMEs, reveals significant insights into the burgeoning AI sector, particularly its impact on European small and medium-sized businesses (SMBs). The study, surveying European companies, focuses on business expenditure related to AI tools. It highlights a notable increase in both the total spending and [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":12304,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[439,440,441,438],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.6.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>AI investment soars in European SMBs - AIFinTech100<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fintech.global\/aifintech100\/ai-investment-soars-in-european-smbs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AI investment soars in European SMBs - AIFinTech100\" \/>\n<meta property=\"og:description\" content=\"The latest study from Spendesk, a comprehensive spend management solution catering to SMEs, reveals significant insights into the burgeoning AI sector, particularly its impact on European small and medium-sized businesses (SMBs). The study, surveying European companies, focuses on business expenditure related to AI tools. It highlights a notable increase in both the total spending and [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fintech.global\/aifintech100\/ai-investment-soars-in-european-smbs\/\" \/>\n<meta property=\"og:site_name\" content=\"AIFinTech100\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-16T16:13:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-17T16:16:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/fintech.global\/aifintech100\/wp-content\/uploads\/calvin-hanson-POqJeWrVfnU-unsplash-696x464.jpg.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"696\" \/>\n\t<meta property=\"og:image:height\" content=\"464\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"regtech100\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"regtech100\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fintech.global\/aifintech100\/ai-investment-soars-in-european-smbs\/\",\"url\":\"https:\/\/fintech.global\/aifintech100\/ai-investment-soars-in-european-smbs\/\",\"name\":\"AI investment soars in European SMBs - AIFinTech100\",\"isPartOf\":{\"@id\":\"https:\/\/fintech.global\/aifintech100\/#website\"},\"datePublished\":\"2024-01-16T16:13:12+00:00\",\"dateModified\":\"2024-01-17T16:16:15+00:00\",\"author\":{\"@id\":\"https:\/\/fintech.global\/aifintech100\/#\/schema\/person\/6774a4efd6bac0e082e73ee04bb028c9\"},\"breadcrumb\":{\"@id\":\"https:\/\/fintech.global\/aifintech100\/ai-investment-soars-in-european-smbs\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/fintech.global\/aifintech100\/ai-investment-soars-in-european-smbs\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/fintech.global\/aifintech100\/ai-investment-soars-in-european-smbs\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/fintech.global\/aifintech100\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"AI investment soars in European SMBs\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/fintech.global\/aifintech100\/#website\",\"url\":\"https:\/\/fintech.global\/aifintech100\/\",\"name\":\"AIFinTech100\",\"description\":\"The world\u2019s most innovative AI FinTech companies that every financial institution needs to know about\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/fintech.global\/aifintech100\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/fintech.global\/aifintech100\/#\/schema\/person\/6774a4efd6bac0e082e73ee04bb028c9\",\"name\":\"regtech100\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/fintech.global\/aifintech100\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/d0d34c47ebe5db016e0d545d1c8aebf7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/d0d34c47ebe5db016e0d545d1c8aebf7?s=96&d=mm&r=g\",\"caption\":\"regtech100\"},\"sameAs\":[\"http:\/\/regtech100.wpengine.com\"],\"url\":\"https:\/\/fintech.global\/aifintech100\/author\/mariyan-d\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"AI investment soars in European SMBs - AIFinTech100","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/fintech.global\/aifintech100\/ai-investment-soars-in-european-smbs\/","og_locale":"en_US","og_type":"article","og_title":"AI investment soars in European SMBs - AIFinTech100","og_description":"The latest study from Spendesk, a comprehensive spend management solution catering to SMEs, reveals significant insights into the burgeoning AI sector, particularly its impact on European small and medium-sized businesses (SMBs). 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