Making AI Work: EU wants to favour European firms for AI, cloud in sovereignty push, ETEnterpriseai

• EU private equity firms invested $6.8 billion in local AI companies in 2025, an 83.3% increase from the previous year. • This significant investment boost is expected to spur growth in the AI sector, with funding for AI startups and adoption of AI solutions by portfolio companies.

• EIFO has committed a €200 million anchor investment to EQT's €5 billion Scaleup Europe Fund. • The initiative aims to close Europe's late-stage funding gap and prevent high-growth tech companies from relocating to the US for larger investment rounds.

• Nebius, Azur Datacenters, and Inflect are collaborating to develop "AI factories" to enhance digital infrastructure in Northern France. • The project marks a shift from multi-billion dollar investment announcements and sovereign AI planning toward the actual execution of high-capacity data centers.

• Major tech firms including OpenAI, Google, Nvidia, Apple, Meta, and Oracle led a week of significant AI upgrades and corporate restructuring. • Tata Electronics confirmed a massive ransomware attack resulting in the leak of 630 GB of data, which included over 200,000 files and trade secrets from Apple and Tesla.

• Goldman Sachs forecasts that AI-related spending will surge to $800 billion by the end of 2026, increasing from an annualized $650 billion recorded in the first quarter. • This investment shift marks a transition from speculative interest to a structural economic force, moving beyond semiconductor giants like Nvidia and Micron.

• Remitly has released a new global index ranking the best countries to move to in 2026 based on quality of life, happiness, and safety. • Finland continues to lead as the world's happiest country, followed by Denmark and Iceland, while Mexico and Costa Rica saw significant climbs in the happiness rankings.

• Europe is seeking to develop its own sovereign AI models to reduce dependence on American technology and avoid vulnerability to U.S. government policy. • The push is driven by concerns that the U.S. could deny access to models like Claude, potentially banning foreign nationals working at companies like Anthropic from accessing their own developments.

• Leaders from major AI companies met at a technology summit to discuss the trajectory of AI spending, indicating that budgets for the sector are not expected to slow down. • Alex Stamos, former Meta security chief, highlighted that a critical breakthrough in AI cybersecurity occurred last year with the release of the Opus 4 and GPT-5 series models.

• AI is being integrated into the oil industry to complement existing digital technologies, specifically to accelerate engineering, planning, and operational decision-making. • The technology aims to materially shift the economics of new oil developments by increasing efficiency and reducing the time required for critical project phases.

• Amazon is prioritizing India as a strategic hub for its Artificial Intelligence (AI) and Amazon Web Services (AWS) growth. • The strategy leverages India's vast digital economy, increasing cloud adoption, and a large pool of engineering talent to drive expansion.

• SecurityWeek highlights several critical cybersecurity events, including a data breach at Tata Electronics, layoffs at Snyk, and the discovery of the "Gaslight" backdoor in macOS. • Reports indicate that Russia utilized Cellebrite technology to compromise an activist's phone, while the Five Eyes intelligence alliance issued an urgent warning regarding AI-driven threats.

• Asian technology stocks slumped, with the MSCI Asia Pacific Infotech gauge dropping 6.4% following price hikes from Apple Inc. and Microsoft Corp. • Major memory chip manufacturers saw significant losses, including SK Hynix Inc. and Samsung Electronics Co. sliding over 10% and Kioxia Holdings Corp. sinking up to 14%.