EU to pour €10bn into building up European cloud

Nima Green
clock • 1 min read
EU to pour €10bn into building up European cloud

In a signed declaration member states commit to create “a resilient and competitive European supply” of solutions to rival US and Chinese hegemony

The European Union has pledged to spend up to €10bn over the next seven years to help build up a home grown cloud computing sector to take on the current foreign market leaders AWS, Azure, GCP and Alibaba. In a joint declaration by 25 member states, the bloc signed the European Alliance on Industrial Data and Cloud as "the first stone in building European cloud technology." "Advancing European cloud offers is essential to increase the competitiveness of European businesses and provide European...

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