World
Ursula von der Leyen, president of the European Commission
(European Union/Getty Images)

Wary of US Big Tech, the EU looks to build its “EuroStack”

European companies are calling for a rapid development of the bloc’s own domestic tech stack.

In the two months since President Trump took office, US allies have had to rapidly reconsider their longstanding relationships with the US.

In trade, defense, and diplomacy, EU countries in particular are taking a hard look at what they can count on in a world where US leadership recedes.

One area that Europe is taking action on is its reliance on US Big Tech.

As the CEOs of the biggest tech companies fall in line with Trump’s agenda, the EU is looking to build its own “EuroStack” of technology to reduce reliance on America’s tech giants.

Last week, a group of 100 European companies and lobbyists sent a letter to EU President Ursula von der Leyen and Executive Vice President for Tech Sovereignty, Security and Democracy Henna Virkkunen urging a rapid development of this EuroStack:

“While enforcement is progressing (at a slow pace and with limited impact), the economic and geopolitical predicament Europe finds itself in — even more so after the election of President Trump — requires urgent action not just to contain US tech corporations in their manifest dealing with European counterparts; but above all to reduce our near-total dependency at the level of ‘infrastructures’, or ‘value chains’ supporting all of our digital experiences.”

Looking in the mirror, Europe sees that it needs EU-based solutions in many areas:

- Advertising
- E-commerce
- Secure communications
- Social media
- Productivity
- App stores
- Chip design and manufacturing
- Quantum computing
- Data centers and supercomputing

Some of the companies that may benefit from this European tech reinforcement include Airbus and Dassault Systèmes.

As AI increasingly secures its place as a crucial national asset for defense, commerce, and scientific research, countries all over the globe are racing to develop their own sovereign AI infrastructure — the talent, data centers, and domestically trained models they will need to compete on the world stage.

More World

See all World
world
Tom Jones

The most watched soccer match in US history got less than a third of the views the Super Bowl did

Between a top-spot finish in the group stage, a sweeping performance against Bosnia and Herzegovina in the round of 32, and the president’s controversial intervention, Monday evening’s USMNT game against Belgium had, to put it lightly, shaped up into a box-office clash.

And though the US players’ performance on the pitch might not have lived up to the high drama off it, American soccer fans certainly showed up. According to early estimates, the 4-1 defeat against Belgium was the most watched soccer telecast in US history, hauling some 40 million viewers on average across the coverage on Fox and Telemundo.

That may be a record tally in the US for the sport that much of the world calls some variant of “football” — besting the 36.2 million who tuned in to watch the team’s previous knock-out match — but it’s still peanuts in comparison to the sport that shares the same name in the States.

World cup viewers chart
Sherwood News
Reddit alien stock exchange

Reddit’s advertising business is getting bigger. It’s already booming.

The platform will plow more money into its ad offerings as it cements itself as a “trove of human intelligence.”

Tom Jones6/22/26

Latest Stories

Sherwood Media, LLC and Chartr Limited produce fresh and unique perspectives on topical financial news and are fully owned subsidiaries of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Money, LLC, Robinhood U.K. Ltd, Robinhood Derivatives, LLC, Robinhood Gold, LLC, Robinhood Asset Management, LLC, Robinhood Credit, Inc., Robinhood Ventures DE, LLC and, where applicable, its managed investment vehicles.