The EU's Cloud and AI Development Act aims to triple data center capacity in five to seven years; the Chips Act 2.0 recommends allowing direct EU investments Gian Volpicelli /Bloomberg: Bloomberg 2026-06-03 Gian Volpicelli Cloud and AI Development Act, EU, Gian Volpicelli Related Coverage Discriminatory EU Cloud and AI Development Act Risks Severe Market Fragmentation CCIA Europe unveils tech sovereignty package amid growing concerns over reliance on U.S. tech: ‘We want to be sure nobody has a kill switch’ CNBC · Kai Nicol-Schwarz