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Insights into the Cloud Euroscape 2023 - Gen AI
Here is the rewritten meta description: "Explore the European cloud ecosystem's resilience and growth trends, including the rise of Gen AI companies and the top investees Apple, Microsoft, Alphabet, Amazon, and Nvidia.
- The cloud ecosystem in Europe has shown resilience and strength, with a big rise in investments in Gen AI companies.
- The report, Euroscape Gen AI, highlights the trends and insights on the cloud ecosystem in Europe.
- The top five companies in the report are Apple, Microsoft, Alphabet, Amazon, and Nvidia.
- Only 11% of cloud unicorns in Europe raised a down round in the past year.
- The growth of cloud companies has slowed down, but it’s still profitable.
- The report mentions that the next big area of focus is data security posture management.
- The European cloud ecosystem has made significant progress, despite the reset after the COVID-19 pandemic.
- The report notes that European investment in cloud companies was roughly one-tenth of the U.S. in the past.
- Gen AI is redefining the software categories, with many companies incorporating it into their products.
- The report highlights the importance of talent pools, with a lot of engineers in AI in the US and Europe.
- The focus is shifting from growth at all costs to sustainable profitability, with companies prioritizing efficiency and reducing burn rates.
- The report mentions that M&A activity is still high, with a lot of funding happening at the early stage to growth stages.
- Companies are prioritizing data security, with a focus on understanding where their data is in the cloud and what kind of security posture they need.
- The report notes that 65% of software companies took private exit this year, and 11 billion was invested in software M&A.
- Gen AI is becoming a necessary tool for companies, with many startups incorporating it into their products.
- The report highlights the need for a data-driven approach to decision-making, with a focus on revenue growth and market capitalization.
- The Euroscape Gen AI report provides insights on the cloud ecosystem in Europe and highlights the trends and opportunities in the space.