Overview

• A coalition of over 90 European companies, including Airbus and Dassault Systemes, has urged the EU to create a sovereign infrastructure fund to support local tech development.
• The coalition's open letter emphasizes the need for Europe to achieve digital independence in critical areas like AI, cloud computing, chips, and quantum technologies.
• The proposed 'Buy European' policy would prioritize local tech providers in public procurement to foster demand and encourage private sector investment.
• The initiative aims to counter growing dependence on U.S. and Chinese technologies, which the coalition warns could jeopardize Europe's security and economic growth.
• The letter also advocates for harmonized standards, open-source solutions, and industry-led strategies to accelerate the scaling of European tech infrastructure.