Europe's Data Push: Sovereign Clouds & AI Gigafactories

Europes Cloud and AI Revolution: A Shift Towards Digital SovereigntyEurope is making a significant move to control its own data and AI, aiming to reduce dependence on US cloud providers. Currently, US tech giants dominate the European cloud market, but a new type of sovereign cloud is gaining traction. Experts predict this market will grow significantly, potentially reaching 47% by 2028, driven by regulations like GDPR and the new EU Data Act. The EU plans to triple its data center capacity and invest €200 billion in AI, aiming to build large AI gigafactories. This shift underscores Europes recognition of the strategic value of data in the age of AI.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.