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flag EU plans to reduce dependence on US tech firms by investing €300 billion in local AI and payment systems.

flag Europe aims to reduce reliance on US tech firms amid growing tensions, proposing a strategy to compete in AI and develop a European payment system to rival Mastercard. flag The EU seeks to favor local firms in public contracts, driven by concerns over strategic and economic risks. flag Building tech sovereignty is estimated to cost around €300 billion by 2035. flag The EU's Digital Markets Act and Digital Services Act are also seen as crucial in promoting European platforms and protecting user data.

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