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Europe Needs to Spend $3T to Cut Foreign Tech Reliance

Bloomberg Technology Wednesday 19 August 2026, 08:53 UTC 1 min read
Key Points

Bloomberg Intelligence data show that Europe needs to spend about $3 trillion through 2035 to reduce its reliance on foreign suppliers for AI and other critical technologies. To achieve full autonomy, much larger investments would be required. Bloomberg's Oliver Crook breaks down the report.

Bloomberg Intelligence data show that Europe needs to spend about $3 trillion through 2035 to reduce its reliance on foreign suppliers for AI and other critical technologies. To achieve full autonomy, much larger investments would be required. Bloomberg's Oliver Crook breaks down the report. (Source: Bloomberg)
Cut Foreign Tech Reliance (ORG) Europe (LOCATION) AI (ORG) Bloomberg (ORG) Oliver Crook (PERSON)
Originally published by Bloomberg Technology Read original →

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