[borisk]

EU, UK, Switzerland, Norway have huge government innovation funds. Unfortunately they are mostly given to manage to politicians who are loyal, but not very bright, and possibly corrupt.

Now would be a perfect time to take advantage of the stupidity of Trump and channel these government investments into building European infrastructure providers (cloud and AI), but I very much doubt this will happen.

Without goverment support there is just no way in Europe to raise the capital that is required to compete with the American big tech.

EU assigned as commisioner of Startups, Research and Innovation a bulgarian politician called Ekaterina Zaharieva. Bulgaria is the poorest member of EU - shows you how much EU values startups, research and innovation.

On top of that Zaharieva is a member of the political party Gerb, well known for corruption. A few years ago somebody took pictures of their leader sleeping in his bedroom, surrounded with gold bars and stacks of euros. An ex-financial minister from Gerb is sanctioned for corruption under the Magnitsky Act.

[UncleEntity]

> A few years ago somebody took pictures of their leader sleeping in his bedroom, surrounded with gold bars and stacks of euros.

Honestly, who doesn't do that?