In this new era, the challenge for us was about choosing the right partnerships, because it’s about more than just money. Jonas Andrulis Founder & CEO, Aleph Alpha Of course, someone has to pay for the compute and all the tal- ent. But the thing that will help us survive in the upper echelons of generative AI is also the partnerships and our partners are phenomenal. They understand that this is a unique, once in a generation opportunity to build something meaningful. Funding needs to keep pace with innovation The difference in scale of the funding going to US AI leaders is emphasised by a simple comparison of the total amount raised across the top 10 largest AI rounds raised in 2023 in Europe vs. the US. While Europe’s largest AI rounds totalled an impressive $2.5B, this is dwarfed by the more than $14.2B raised across the top 10 largest rounds in the US this year. Total funding raised by top 10 rounds in Europe Source Powered by $2.5b Total funding raised by top 10 rounds in US Source Powered by $14.2b 147 | Companies