“The organisations that succeed will treat sovereignty as an architectural principle from the start.”

European providers hold about 15 percent of Europe’s cloud infrastructure market. That number is the whole story. Buyers can write jurisdiction clauses and grill vendors about key management all they want, but the hyperscalers still own the substrate. The EU is answering with 10 billion euros for seven AI gigafactories, which buys compute and does nothing about the 85 percent already running on American platforms.