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Euro techies call for sovereign fund to escape US dependency (www.theregister.com)

submitted 2 days ago by [email protected] to c/[email protected]

24 comments fedilink hide all child comments

European companies like Airbus, Dassault, and OVHcloud apparently want Europe to reduce its dependence on US tech companies.

Thoughts?

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[–] [email protected] 81 points 2 days ago* (last edited 2 days ago) (4 children)

I would love for such a fund to invest very liberally in these companies, on the condition that anything it funds must be free and open source - public money, public code! The only way to take down these giant US companies is to work together, and the most effective way to work together is to release everything in the open in such a way that anyone can build on top of it.

If the money just gets funneled into these companies so they can build their own lock-in, the EU would be recreating the same dependency on a few small companies that happened in the US. It wouldn't increase productivity in the long run, it would instead substitute dependency on a few US companies for a few EU companies.

But, if they invest in open source software, it could spur innovation not only in the companies that are directly funded, but also thousands of other companies throughout the EU that would now have common infrastructure that they can build on top of.

[–] [email protected] 3 points 1 day ago* (last edited 1 day ago) (1 children)

I would love for such a fund to invest very liberally in these companies, on the condition that anything it funds must be free and open source

That's not how the game is played. You absorb the public losses. But they privatize the gains. Otherwise, there's no deal.

If the money just gets funneled into these companies so they can build their own lock-in, the EU would be recreating the same dependency on a few small companies that happened in the US.

That's the goal, yes.

[–] [email protected] 1 points 18 hours ago

A big part of the EU cloud movement is "Public money, public code". Most of these companies are open source advocates.

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