tech
US can 'turn off' EU overnight
Warnings about dependence on American technology are becoming more frequent at the highest European levels.
TL;DR
- European officials are increasingly warning about the continent's dependence on US technology, citing potential political and security vulnerabilities.
- The EU relies on American companies for essential technological infrastructure, raising concerns about potential US control or disruption.
- US laws like the Cloud Act allow American authorities to access data stored by US companies, even if servers are located in Europe.
- The concentration of venture capital in the US and China, compared to Europe's fragmented market, is a key obstacle to EU technological advancement.
- Europe is often characterized as focusing on regulation rather than innovation, which business leaders criticize as excessive bureaucracy.
- The EU is implementing laws for its digital market and data protection and is investing in domestic infrastructure, including a key chip manufacturing plant in the Netherlands.
- Serbia is also prioritizing digital sovereignty, with plans for new supercomputers, data centers, and domestic AI development.