The organization I work for uses GPT and Claude models hosted in EU. I don't see any practical reason to use models made in Europe. Even if you don't want to work with American big tech there are plenty of companies in the EU serving Chinese open-weight models.

Interestingly Mistral has been selling GLM5.3 inference hosted in Europe on their own hardware, for those who are OK using a "not developed in Europe" model but run on hardware located in and controlled by a European corporation.

https://docs.mistral.ai/models/zai-glm-5-3