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technology12h ago
South Summit insists AI 'is not a threat'
- South Summit 2026 opens in Madrid with AI at the center, framing Europe as a growth-focused, borderless startup hub.
- Benjumea says AI is not a threat but a tool for growth, urging Europe to remove 27 borders for startups.
- The event notes a surge in AI funding, up from 30% to 61% of global venture capital in three years.
- López, Spain’s Digital Transformation Minister, linked Spain’s growth to digital and green transformation investments.
- Spain allocates 1.5 billion euros to its national AI strategy and showcases broad digital coverage.
- South Summit introduces the AI Forum to help build prototypes and business models quickly.
- IE University dean says AI changes rules for startups, enabling small teams to compete with larger firms.
- EU political attention includes high-profile speakers and anticipated attendance by King Felipe VI.
- The opening day featured Kim Perell, urging pragmatic entrepreneurship and disciplined execution.
- The event underscores AI as a cross-cutting driver across industries, not a standalone tech.
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