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• S Krishnan, Secretary of MeitY, urged the United States to ensure reliable and continuous access to AI technology to prevent abrupt cutoffs that could jeopardize critical Indian projects and digital infrastructure. • During the Pax Silica Summit, Krishnan emphasized the need for both nations to build diversified and resilient supply chains across the entire AI stack, including semiconductors and data center infrastructure. • The collaboration aims to address essential requirements such as energy availability, the development of AI models, and data usage mechanisms to ensure technology benefits society at large.

• European leaders are prioritizing "technological sovereignty" during the G7 summit and VivaTech conference in France to reduce the region's heavy reliance on American AI firms. • The discussions center on enhancing AI competitiveness and implementing strategic regulations to foster a more independent European tech landscape. • This push matters as Europe seeks to balance strict regulatory frameworks with the need to innovate and compete globally against US tech giants.

• AI chip giants TSMC, Samsung, and SK Hynix are dominating Asia's investment landscape, driving significant stock rallies in Taiwan and South Korea. • The extreme concentration of these winners has created systemic risks, forcing fund managers like Sam Konrad to sell off their best-performing assets to maintain portfolio balance. • This trend highlights a critical tension between the massive growth of AI infrastructure and the necessity for active funds to manage "top-heavy" portfolios.

• The European Union unveiled a comprehensive technology sovereignty package on Wednesday, April 29, 2026, aimed at reducing the region's reliance on U.S. Big Tech. • The initiative seeks to bolster domestic European tech firms and limit the market dominance of American giants, particularly within the AI sector. • While EU officials have celebrated the move as "Tech Liberation Day," industry experts caution that achieving true independence will require significant time and cross-border collaboration.