The Sovereign Tech Economy
The Invisible Cost of the AI Race
The wall street loop
We are witnessing a precarious alliance between private equity, financial institutions, and global tech monopolies. While their singular focus on short-term yields is undeniable, the critical question remains: what are the compounding implications for our public safety and localized economic resilience?
The price
AI data centers consume power and water. In the US, we are already seeing rates for citizens rise to satisfy the AI hunger of tech giants. Will Europe be the next victim?
Lobby
With a record lobbying budget of €151 million per year, we are witnessing how tech monopolies actively attempt to shape regulatory outcomes, such as the EU AI Act, to serve their own interests. It is increasingly evident that 'innovation' is frequently weaponized as a shield to dilute crucial guardrails.