Revolut and Spotify investor warns Europe over reliance on US tech

The founder of Lakestar, a prominent venture capital firm investing in companies like Revolut and Spotify, has launched a $300 million fund to support European startups focused on dual-use and defense technologies. This move underscores a growing concern about Europe's dependency on US tech, prompting a push to bolster its own innovation and security capabilities. This initiative is crucial as it aims to reduce vulnerabilities and foster self-sufficiency in critical technological sectors.