European Union launches tech sovereignty initiative to boost chips, cloud and AI at home

The European Union has unveiled a major initiative to enhance its tech independence, focusing on boosting local production of chips, cloud services, and AI. This move comes amid growing concerns over reliance on American and Asian tech giants, fears heightened by the potential for foreign technologies to be "weaponized" against European interests. The initiative aims to reduce the bloc's dependency and ensure that critical technologies remain under European control, signaling a strategic shift in global tech dynamics and a bid to safeguard national security.