Europe’s established tech and industrial giants have emerged as unexpected winners of the AI boom, even as the continent lacks a frontier lab of its own.

August 5 : The AI boom was widely expected to favour the new companies building the models. Recent earnings suggest it is some of Europe's biggest, well-established technology…

SAP, Capgemini, Sopra Steria and OVHcloud have all reported stronger demand, faster growth or upgraded outlooks as companies move from experimenting with artificial intelligence…