There was also grumbling about European

“From a platform POV, it is a disaster,” said another investor. “So many companies are already working with OpenAI, this is like the Facebook, Twitter, etc. API changes all over again and possibly worse.”

There was also grumbling about European regulation: “As we have seen with the heavy-handed regulation coming down from EU-level, government won’t save us. We need to have more AI champions locally. There is still time, but unclear how much.”

Others were more upbeat about the turmoil buying useful time for European startups: “Which is a good thing for European gen AI startups as it gives them time to breathe and re-calibrate before the next shockwave.”