The recipe is simple but nobody supposedly wants to do it.
1. Find all (e.g. LinkedIn) the EU-based engineers working or having worked for American cloud companies.
2. Offer them a proportional salary to join and start building the EU cloud product.
3. Incentivize the engineers to top-performance by giving them bonuses, stocks, whatever ...
4. Go back to the garage engineering and cut-off the bureaucratic BS with endless PMs, milestones, JIRA boards, scrum masters, chapter masters, architects, and all other similar BS.
But EU doesn't want to do it - they rather spend money in ways so that "EU funds", which are supposedly public, end up running up to their pockets directly. Dozens of examples out there but "AI factories" being the last embodiment of that.
You describe a plan for building it. That is but one piece of the equation. How will you sell it? Why should people pick you over established AWS/Azure/GC? Will you target new projects, or get people to migrate? How does the strategies there differ? What is the timeline to becoming profitable? How will you fund it in the meantime?
I'm aware of that. Please see my other comment that already addressed your concern. The point rather was that EU strategy won't even get us so far because it doesn't have or doesn't want to have a plan.
The EU is ran by lawyers and political science majors. They have absolutely zero idea how to setup proper incentives. Any hope of EU getting its act together is wasted. Much like our tax euros.
There’s nothing in the EU quite like DARPA: oriented to long term, fundamental, high risk, high reward projects.
Furthermore, this European DARPA would be an organization with its own physical structure - its own labs. Say, with each different discipline in a different EU country.