Tech giants Google and Meta the latest companies to pull out of Web Summit

It has also been reported that actress Gillian Anderson has withdrawn from her speaking role at the conference.

Paddy Cosgrave, the CEO of Web Summit, issued an apology on Tuesday where he said he unreservedly condemnsHamas’s attack on October 7.

My apologyhttps://t.co/8wfXPzGKyT

— Paddy Cosgrave (@paddycosgrave) October 17, 2023

He added: “I unequivocally support Israel’s right to exist and to defend itself. I unequivocally support a two-state solution.

“I understand that what I said, the timing of what I said, and the way it has been presented has caused profound hurt to many.

“To anyone who was hurt by my words, I apologise deeply.

“What is needed at this time is compassion, and I did not convey that.

“My aim is and always has been to strive for peace. Ultimately, I hope with all my heart that this can be achieved.”

Mr Cosgrave said his comments were to urge Israel not to cross the boundaries of international law in its response to Hamas atrocities.

Tickets for Web Summit range from €1,095 for general attendance up to €24,950 for a “chairperson” ticket which includes a “personal event fulfilment manager” and access to an exclusive lounge – with prices set to increase later this month.

The event aims to attract more than 70,000 people including “companies redefining the tech industry”.

On Friday, a spokeswoman for Google said: “We will no longer have a presence at Web Summit.”

A spokesman for Siemens said: “Following recent developments surrounding Web Summit, we have reviewed the situation and determined that Siemens will not attend in 2023.”

Intel said in a statement: “We can confirm that Intel has withdrawn from this year’s Web Summit.”