Europe: Can it really ditch U. S. tech?
It’s about time Europe started “flexing its innovation muscles,” saidJohn Thornhillin theFinancial Times. “In spite of the ambient Euro-gloom,” the continent still boasts extraordinary economic strengths. It. . .
It’s about time Europe started “flexing its innovation muscles,” saidJohn Thornhillin theFinancial Times. “In spite of the ambient Euro-gloom,” the continent still boasts extraordinary economic strengths. It is home to “thousands of world-class scientists and researchers” who are seeding “a vibrant early-stage startup ecosystem. ” It’s also fast becoming a worldwide leader in areas such as material sciences, pharmaceuticals, and robotics. “If it could create a VC money-mobilization machine on a par with the U. S. ,” things would really transform. To that end, the European Commission recently published new legislation that it says will “encourage more investment” in areas like data centers and chipmaking, which is “a welcome sign. ” The commission also revealed a new framework to reduce reliance on the U. S. and China; that will be harder to achieve. The reality is that Europe still “remains inextricably dependent on U. S. technology,” and it won’t win in a fight with the Trump administration. But it is at least “finally flicking the switch from defensive regulation to creative innovation. ”Europe is right to worry, saidThe Economist. “The grip of American tech is, if anything, growing tighter. ” French firms alone buy more than $50 billion “in software and cloud services annually from Uncle Sam’s tech giants. ” Policymakers fear the U. S. could one day “wield tech as a geopolitical weapon, in the form of a kill switch that can turn off services. ” Another concern is that Europe will get left behind economically if it can’t compete in the AI race against America andChina, “which reaches into many sectors where Europe remains strong. ” But building tech ecosystems up from scratch “is hard,” and “America’s strong economic momentum makes it harder still. ” Unplugging from U. S. tech entirely is “probably an impossible task,” saidMatt BurgessinWired. The European Parliament has switched the default search engine on its devices fromGoogleto a French alternative, and many French government workers are using home-grown open-source office software. But Europe is “deeply intertwined with U. S. -based technology firms,” especially those that do cloud computing, AI,cybersecurity, and mobile operating systems. The WeekEscape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives. SUBSCRIBE & SAVESign up for The Week's Free NewslettersFrom our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox. From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox. Join 350,000+ subscribers and keep yourself informed with a selection of The Week’s most interesting, enlightening and entertaining stories - plus daily puzzles.