Funding & Businesseusovereign cloudcloud funding
EU Commits EUR 180 Million to European Cloud Providers
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6.8
European Union (EU) committed EUR 180 million to sovereign cloud services, distributed over 6 years. Per the announcement, the goal is to wean Europe off American hyperscalers. The package targets European cloud providers and infrastructure.
Scoring Rationale
Notable EU funding commitment to regional cloud capacity; significant for European cloud providers and procurement but not industry-shaking globally.
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