Story
Wanted: Europe’s Missing Cloud Provider
Key takeaway
European telecom companies are pooling efforts to develop a homegrown cloud computing service, reducing reliance on major US providers and giving European businesses a local alternative.
Quick Explainer
The European Union is seeking to create a homegrown "sovereign cloud" provider to reduce reliance on dominant U.S. cloud giants like AWS and Google, amid concerns over data privacy and geopolitical risks from the CLOUD Act.
