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Station F Deepens Its Bet On AI With New F/AI Accelerator Cohort

Station F, the Paris-based startup campus founded by French billionaire Xavier Niel, is preparing to launch the second cohort of its F/ai accelerator as it seeks to strengthen Europe’s AI startup ecosystem.

Following its debut in January, the next programme begins in September with a clear objective: helping a select group of AI startups move from product development to meaningful commercial traction.

A Startup Campus With Global Reach

Covering 538,000 square feet, Station F is widely regarded as the world’s largest startup campus. It hosts around 1,000 startups each year and has become a central hub for founders, investors, policymakers and technology companies across Europe.

Its annual Future 40 ranking reflects the growing dominance of artificial intelligence. In 2024, almost every startup selected was building AI into the core of its business.

Building Europe’s AI Ecosystem

Station F has brought together a broad network of technology companies and investors to support the accelerator. The first cohort included partners such as AMD, Anthropic, AWS, Google, Hugging Face, Meta, Microsoft, Mistral AI, OpenAI, OVHcloud, Qualcomm and Snowflake, alongside several venture capital firms.

According to TechCrunch, the second cohort will add new partners including ElevenLabs, GitHub, HubSpot, Nebius, OpenRouter and Rippling.

“The goal was to bring together all the major players and make it much easier for AI startups looking to launch in Europe to connect with them,” Station F director Roxanne Varza said.

From Product To Revenue

Unlike many accelerator programmes that focus primarily on visibility, F/ai is designed to help startups reach €1 million in revenue within six months.

“We’d heard quite a bit of criticism about the slow pace of commercialisation of European startups,” Varza said. “This brings them on par with what investors are seeing in the U.S.”

Station F said companies in the first cohort collectively raised $34 million in pre-seed funding. Of the 20 startups selected, 80% were founded by repeat entrepreneurs and one-third of the founders held PhDs.

A Curated Approach

Participation in F/ai is invitation-based rather than open to direct applications. Startups are recommended by founders, investors and ecosystem partners, although teams can still be introduced through participating organisations. Station F also operates around 30 other startup programmes that accept direct applications.

Beyond funding and mentoring, the accelerator offers founders access to leading figures in artificial intelligence, including Turing Award winner Yann LeCun.

“Today, if the founders here want to speak to people at this level, they all seem to think they need to go to the U.S. and join a program there,” Varza said. “We actually want to show that you can stay here and do it from here.”

Bitcoin Surges 23% In A Week As Investor Optimism Returns

Bitcoin was on track for a weekly gain of around 23% on Friday as a series of positive macroeconomic and policy developments boosted investor sentiment.

The cryptocurrency was trading about 6% higher at roughly $77,000, up from around $62,800 at the start of the week. Crypto-related stocks also rallied, with Coinbase and Circle gaining more than 9%, while Strategy rose 7%.

Macro Factors Fuel Rally

Bitcoin’s latest surge began Wednesday after Treasury yields fell sharply following a major intervention by the U.S. Treasury in the bond market. Lower yields eased pressure on risk assets and helped trigger a broader move into cryptocurrencies.

The rally was further amplified by a major short squeeze. Around $2.7 billion in crypto short positions were liquidated, according to CoinGlass.

Max Stuedlein, head of Partnerships at Sygnum APAC, said the move reflected an alignment of macroeconomic and policy catalysts, including the Treasury’s decision to increase buybacks of longer-dated government debt.

Clarity Act Boosts Sentiment

Investor confidence improved further on Thursday as the White House and crypto industry leaders made a final push to advance the Clarity Act in the coming weeks.

The legislation is widely viewed as a potential catalyst for the crypto market, although its chances of passing remain relatively limited.

Despite the rally, bitcoin remains well below its 2026 high of $94,820 reached in January and its all-time high of $126,198, set last October.

Analysts See More Volatility Ahead

Lucy Gazmararian, founder and managing partner at Token Bay Capital, said the crypto market may be approaching the end of its bear cycle.

She expects bitcoin could experience one more decline of around 20% before the market turns, pointing to historical cycles and the recent liquidation of heavily leveraged short positions.

Gazmararian also described bitcoin as a long-term hedge against monetary debasement, while warning that its short-term price remains highly volatile and driven by market cycles.

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