GenAI is fueling public and private market recovery, unlocking unprecedented opportunities and innovation. The NASDAQ keeps climbing higher, up 38% in the last 12 months and beating new all time highs. Out of the $8.4T of value created in the past year, $5.3T is coming from the six tech titans that are investing tens of billions into AI: Apple, Microsoft, Google, Meta, Amazon and Nvidia. AI is also proving an accelerator on the private side as funding of AI and cloud companies is on the rise again, estimated to hit $79.2B at the end of 2024 after three consecutive years of decline. Outside of the AI world, the outlook isn’t as bright and the era of high software growth has been replaced by a focus on profitability.
Download the Accel 2024 Euroscape report to read more on this year's key cloud and AI trends and see the full list of the 100 companies to watch.
