Visual Comparison of US vs EU Tech Giants

• Andrew McAfee, a principal research scientist at MIT, wrote an article on his Substack "The Geek Way" comparing US and EU tech companies.

• The article features a bubble chart visualization created by McAfee's research team at "Geekway Labs".

• Key points from the comparison:

  - No EU company with a market cap over €100 billion has been created from scratch in the last 50 years.

  - All six US companies valued above €1 trillion were created in this period.

  - The research team found 14 EU "arrivistes" (from-scratch companies) worth at least $10 billion.

  - The total market cap of these 14 EU companies is about $430 billion.

  - In contrast, the US has a much larger number of valuable young from-scratch companies.

 - The US "arrivistes" worth at least $10 billion are collectively valued at almost $30 trillion.

 - This makes the US "arriviste" market cap almost 70 times larger than its EU equivalent.

• The bubble chart visually represents this disparity:

- Each bubble represents a company worth at least $10 billion.

- The area of each bubble is proportional to the company's market cap.

 - Green bubbles indicate companies in digital high-tech industries.

- The chart starkly illustrates the vast difference between the US and EU tech ecosystems.

• McAfee argues that this visualization demonstrates the significant challenge facing the EU in terms of competitiveness and innovation in the tech sector.

Source

T.R.