European Union Outlines Plan to Reduce Dependence on American Tech
The 27-nation European Union outlined how it hopes to expand the region’s data centers, semiconductors and cloud computing capabilities.
ComputerWorld AI·
The European Union has now published a set of measures aimed at boosting Europe’s tech industry to help reduce reliance on US and Chinese suppliers for AI, cloud, and semiconductors. The proposals include rules to restrict the use of US hyperscalers for certain public sector procurement purposes, but stop short of banning them outright. “Technological sovereignty does not mean protectionism. Europe remains grounded in openness, partnership, and fair competition,” Henna Virkkunen, executive vice president for Tech Sovereignty, Security and Democracy, said in a statement Wednesday. “At the same time, Europe wants to be in the position to make its own choices, avoiding dependence on single dominant suppliers, especially from non-like-minded countries.” The European Technological Sovereignty Package — released after several delays — includes two legislative proposals: the Cloud and AI Development Act and Chips Act (CAIDA) 2.0 and the Open Source Strategy and Strategic Roadmap for Digitaliz
Read full articleThe 27-nation European Union outlined how it hopes to expand the region’s data centers, semiconductors and cloud computing capabilities.
Some of the information that New York and the European Union’s watchdogs will share includes the issued stablecoin, total volume in circulation and the number of holders.
Fundstrat technical strategist Mark Newton says the US stock market is poised to broaden beyond semiconductors and memory stocks, warning that tech has gotten “over its skis” after an 18% rally in eight weeks and is likely to consolidate through the summer. Speaking in a recent interview, Newton identified financials, industrials, consumer discretionary, and healthcare […] The post US Stock Market Could Broaden As Tech Sector Looks Primed To Consolidate This Summer: Fundstrat’s Mark Newton appeared first on The Daily Hodl.
Tether's TurboQuant compresses AI working memory 5x, letting laptops and phones handle long documents and codebases without cloud offload.
The EU's cash limit and digital euro pilot could accelerate the shift to digital payments, impacting privacy, compliance costs, and financial inclusion. The post European Union imposes €10,000 cash limit starting July 2027, paving way for digital euro appeared first on Crypto Briefing.
South Korea's economic growth prospects improve, but heavy reliance on semiconductors poses significant risks amid potential market volatility. The post South Korea’s exports surge 53% in May, driven by AI chip boom appeared first on Crypto Briefing.
The post EU crypto transaction tax: EC reviews 0.1% levy for 2028–2034 appeared on BitcoinEthereumNews.com. The EU crypto transaction tax under review by the European Commission could put a 0.1% levy on crypto trades across the bloc, a small charge on paper that may have outsized consequences for traders, exchanges, and the European Union’s budget plans. The proposal, outlined in an internal document circulated on May 30, is projected to raise between €3 billion and €4 billion a year. That makes this more than a niche tax story. Instead, it sits at the intersection of two major EU priorities: finding fresh revenue for the next long-term budget and tightening the framework around digital assets as crypto regulation in Europe has become more mature. There is a catch, however, and it is a big one. The plan is not adopted, and getting it over the line would require unanimous approval from all 27 EU member states, a threshold that has derailed or delayed many tax measures before. What the E
The proposed tax could drive crypto trading to decentralized platforms, complicating enforcement and potentially impacting EU market liquidity. The post European Union proposes 0.1% tax on crypto trading to raise €3-4B annually appeared first on Crypto Briefing.