No, Silicon Valley isn’t moving to London, or Berlin or Stockholm.

However, a new report from Atomico claims that there are now 5.4 million developers in Europe, compared with 4.4 million in the U.S. Plus, it says Europe gained more than 500,000 developers in the last year alone.

“We’re leaving the U.S. behind,” Atomico partner Tom Wehmeier said at Slush on Thursday.

This might be taking things a bit far. The center of the universe remains in the birthplace of Apple, Google, Facebook, Amazon, etc. But it is a warning sign that others are taking the challenge of creating a tech-savvy workforce more seriously than the U.S.