News Summary

• Draft European tech sovereignty strategy reveals the EU wants to "reclaim its place in the global race for geoeconomics power" Under the proposal, the Cloud and AI Development Act could triple the EU's data center capacity within the next five to seven years.
• Europe is also planning to iron out so-called sovereignty washing, where Big Tech firms hide behind European subsidiaries.
• According to the FT, the Commission is framing the changes more as "strategic counterweights that enhance Europe's capacity to remain open to the world"