An alliance of European cloud service providers has announced a €1 million investment into the Fulcrum Project, aimed at creating an open source cloud federation technology. The funding, part of a settlement with Microsoft, is intended to provide European companies with an alternative to US-based hyperscalers by allowing local providers to aggregate their services. CISPE sees this as crucial for enhancing European cloud sovereignty, particularly in light of competition complaints against Microsoft regarding pricing and compatibility issues with third-party services.
We cannot wait another five years. I mean, the sector lost half of its market share in four years to hyperscalers.
This project marks a significant step towards European cloud sovereignty, enabling European cloud providers to pool their infrastructures.
The €1 million allocated to Fulcrum comes as part of a settlement with Microsoft, highlighting competitive tensions in the cloud sector.
The Fulcrum Project is designed to offer a scalable and competitive alternative to foreign-controlled hyperscale cloud providers.
Collection
[
|
...
]