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Euro techies call for sovereign fund to escape US dependency (www.theregister.com)
submitted 1 year ago by SleafordMod@feddit.uk to c/technology@lemmy.world
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European companies like Airbus, Dassault, and OVHcloud apparently want Europe to reduce its dependence on US tech companies.

Thoughts?

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[-] UnderpantsWeevil@lemmy.world 3 points 1 year ago* (last edited 1 year ago)

I would love for such a fund to invest very liberally in these companies, on the condition that anything it funds must be free and open source

That's not how the game is played. You absorb the public losses. But they privatize the gains. Otherwise, there's no deal.

If the money just gets funneled into these companies so they can build their own lock-in, the EU would be recreating the same dependency on a few small companies that happened in the US.

That's the goal, yes.

[-] jlh@lemmy.jlh.name 1 points 1 year ago

A big part of the EU cloud movement is "Public money, public code". Most of these companies are open source advocates.

this post was submitted on 20 Mar 2025
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