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Companies in the EU are starting to look for ways to ditch Amazon, Google, and Microsoft cloud services for European ones (www.wired.com)

submitted 4 days ago by Blaze@feddit.nl to c/buyeuropean@feddit.uk

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[–] Buelldozer@lemmy.today 4 points 4 days ago* (last edited 4 days ago) (1 children)

I wish them luck, honestly, but it's tough to compete with American venture capital and it takes metric truckloads of capital to build things like AWS / Azure / GCP. The lack of VC and the lack of unity among the various countries and companies means that any initiatives like this are unlikely to go very far.

It's fascinating how those two things combined have kept European based technology and technology firms struggling for life since the dawn of the computing era. Asianometry has an incredibly informative series of videos about this.

[–] iii@mander.xyz 1 points 4 days ago* (last edited 4 days ago)

those two things combined have kept European based technology and technology firms struggling

The problem in EU is cultural: they think industry should be decided on and controlled in a political top-down manner. Just look at Draghi's 2024 report to make EU "competitive". It's a laugh: let's keep doing our failing strategy, but do more of it.

It works when you want cars to be 10% more safe in a crash in 15 years time. But it doesn't work on innovation, as concensus is the antonym of novelty.