Europe signs off on up to €1.2B in state aid for homegrown cloud project

Vendor to speak unto vendor with first results expected in 2027
The European Commission is to provide up to €1.2 billion in public funding for the IPCEI Cloud project and expects a further €1.4 billion from the private sector. Both pots of money are to be used to promote local interests in a regional computing sector controlled by US giants.…