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Euro techies call for sovereign fund to escape US dependency (www.theregister.com)

submitted 2 days ago by [email protected] to c/[email protected]

24 comments fedilink hide all child comments

European companies like Airbus, Dassault, and OVHcloud apparently want Europe to reduce its dependence on US tech companies.

Thoughts?

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[–] [email protected] 3 points 1 day ago* (last edited 1 day ago) (1 children)

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.

[–] [email protected] 1 points 15 hours ago

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