According to @elevenlabsio, ElevenLabs has announced the launch of a major AI competition, inviting developers to register for submissions opening September 1st, 2025. The event offers over $1 million in free trials of cutting-edge AI tools and $150,000 in cash prizes, providing a significant opportunity for AI startups and innovators to access advanced speech and text-to-speech APIs. This competition aims to foster innovation in generative AI, attract global talent, and accelerate the adoption of AI-powered voice solutions in commercial applications. Verified details are available on the official ElevenLabs Twitter account (source: @elevenlabsio, August 11, 2025).

According to Arnaud Bertrand (@RnaudBertrand) on Twitter, Europe's AI technology sector remains significantly smaller than that of the US and China, a fact highlighted in a recent Wall Street Journal article. However, Bertrand points out that many analyses, including the WSJ's, overlook fundamental issues such as Europe's slower adoption of disruptive AI business models and less effective support for large-scale AI startups. This ongoing gap limits Europe's ability to attract top AI talent and investment, hampering the region’s global competitiveness in AI. For AI companies and investors, this presents both challenges and opportunities: addressing regulatory barriers, improving funding structures, and fostering a culture that supports high-risk, high-reward AI ventures could help unlock Europe’s AI market potential. These market gaps are becoming more pronounced as global enterprises seek AI-driven solutions and strategic partnerships. (Source: @RnaudBertrand on Twitter, Wall Street Journal, May 21, 2025)