Comment Way Behind (Score 1) 9
It is insane that the EU hasn't done more to create local tech companies to reduce their reliance on the US. They need their own version of Baidu, Alibaba, and Tencent (among others), just like China does. It's fine to leverage allies for certain parts of your economy, but the tech sector is right up their with military when it comes to industries where the EU shouldn't be depending on external allies so strongly. It's not like the EU has the same religious devotion to free markets that the US has which would make them hesitant to prop up their local tech companies for 10+ years until they could survive on their own.
I found an EU report from 2025 that suggested it would take $5 trillion to do this, which would be about 5% of the government revenue of all EU countries combined if done over a decade. Just like efforts to become less reliant on the US military complex, the EU should really get started.