The EU is rolling up its sleeves to shake off Big Tech's grip with a fresh 'made-in-Europe' initiative! According to a report by Reuters, the European Commission unveiled the Cloud and AI Development Act and Chips Act 2.0, aiming to double the EU's semiconductor market share to 20% by 2030. This bold move is all about tech sovereignty, ensuring Europe isn't left twiddling its thumbs while others control critical technologies.
EU tech chief Henna Virkkunen warns of potential "kill switches" from foreign entities, stressing the need for Europe to control its own tech destiny. The proposal mandates that critical public contracts use EU-made software and hardware, keeping data and services firmly on European soil.
Meanwhile, U.S. tech giants like Microsoft, Amazon, and Google are scrambling to adapt. Microsoft is rolling out locally-controlled cloud solutions, while Amazon boasts of its Europe-exclusive infrastructure. The EU is also sweetening the deal with fast-track approvals and perks for data centres using European chips.
These proposals are set to spark lively debates in the EU Parliament and member states. As the EU aims to reclaim its tech independence, the world watches closely. Will Europe succeed in its tech revolution, or will Big Tech find a way to keep its foothold?
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