It’s not that it gets hate so much as it’s akin to watching them make announcements that they’re going to make a European google/facebook/tiktok.
Sure… they can, except at the end of the day it’s a bit late, regulatory burden will make it comparatively useless, and because of that nobody will ever use it. It will be spending a bunch of taxpayer dollars for press releases.
The running joke is that when these “sovereign” EU models launch, they’re going to refuse to answer anything that might involve personal information such as Elon Musk’s birthday.
I kinda agree, the best use of taxpayer money should be in reducing taxes to corporation that would like to compete in the market vs US and China, rather than making governments playing the game (since they very obviously can’t).