The Week in European Digital: Compute Ambitions, Fresh Capital and a Cloud Cost Squeeze
Europe's AI ambitions collided with the economics of compute this week, as OVHcloud's steep price hikes and Mistral's forward-funded infrastructure plans exposed the cost side of digital sovereignty. Capital kept flowing regardless, led by Lovable's ballooning valuation and a strong month for European funding overall, while Revolut deepened its EU banking footprint and Dutch provinces moved to cut dependency on non-EU tech providers.
