> For a lot of business customers, EU based hosting is not optional
They still use US clouds that can have information pulled by the US government.
This is changing somehow. At least on a surface. For example Amazon have created European subsidiary completely managed by Europeans under European company thus under it's local jurisdiction.
FTA:
> So Mistral is developing its own data centers, starting with one outside Paris. Mensch projects it will have 200 megawatts of capacity by the end of 2027. Power from France’s state-owned nuclear plants will help, but the buildout could still cost an estimated $5 billion. Mensch tapped oil-rich Abu Dhabi and reportedly sought debt financing to help pay for it.
Though to your point it won't be running until 2027.