Those are actually tiny compared to most US tech companies with a global reach. The issue is that here in Europe everyone speaks their own language, and it's not feasible to advertise your tech stuff to the entire continent. There's no TV channels here where you can reach 300M people with a single commercial in a single language.

It's also an issue with capital. Everyone was shocked when Mistral raised what, 300M dollars? Ask on the street if anyone's heard of Mistral, and then ask about ChatGPT.

Meanwhile effing xAI from Elon, that no one really cares about is looking to raise $1B.

Here in Europe we're sadly not on the same level. Available capital is smaller. Reach is smaller (in practice but not in theory). Profit margins are smaller. Regulation is higher.

In 2023 you need extreme luck to create something in Europe that reaches a global audience to the point it's not worth trying. Just go for your local domestic market instead.