Europe needs hyperscalers (lots of them)

There are pretty much zero advantages to being able to scale up to tens of thousands of workers for an hour for 99% of all applications since those run on a single small-ish cloud server just fine.

Also, I used to think the problem was that the people controlling the money couldn't determine the competence of the technical people but I think the evidence becomes more and more clear that the people controlling the money can't even tell if they themselves or their peers doing their job are competent.