Sam Schechner

And that's why they invest so heavily in Europe.

So much infrastructure, so much staff.

Let's open an AI lab in Paris.

Google's AI efforts are headquartered out of London.

So in that sense, the dependency does go both ways.

The government is not going to build a tech ecosystem, whether they're buying a video conferencing thing for government workers or not.

We're talking about technologies that are being built in the private sector.

And so that's the whole game, right?

Can Europe...

build and sustain a vibrant tech ecosystem on its own.

And for technologies that already exist, like cloud services, that's something that's been won by the US, but is still important for Europe to catch up in.

They don't need new technologies, they just need heavy investment to try to build something that could match the cost of servers run by American companies.

For the next tech revolution, there are very vibrant tech ecosystems here and there's a lot of startups.

And when it comes to AI, I mean, one of the most recognized labs is actually a French lab, Mistral.

And Chinese labs have shown you don't necessarily need all the resources.

There's definitely an open field that AI provides that may give Europe an ability to leapfrog into this tech race.

And so I certainly wouldn't count Europe out of the tech race entirely.

OpenAI has seen a lot of challenge lately from competitors.

You know, the chatbot race, which it ran away with early on and quickly and rose to 800 million users every week for ChatGPT, is now super competitive.

With this new model, OpenAI is really targeting business users.