EU approves €1.2 billion to boost local cloud

Aims to develop alternative to Big Three providers

clock • 2 min read
EU approves €1.2 billion to boost local cloud

The European Commission has greenlit a cloud computing initiative, allocating up to €1.2 billion in state aid to propel the European Union into a leading position in the digital landscape.

The project, known as IPCEI Next Generation Cloud Infrastructure and Services (IPCEI CIS), has received backing from seven EU member states: Germany, France, Italy, Hungary, Poland, Spain and the N...

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