The European Parliament is preparing for a vote on a technology sovereignty proposal following a report by the Committee on Industry, Research, and Energy (ITRE) led by pro-Bitcoin MEP Sarah Knafo. This proposal highlights concerns that Europe is lagging behind the US and China in key sectors like cloud computing, cybersecurity, artificial intelligence, semiconductors, and communication infrastructure. It aims to enhance private investment, promote energy-efficient computing, and ensure data privacy in digital finance. Knafo expressed optimism about the potential for a digital revolution in Europe, pointing out the continent's talent pool of engineers and scientists. However, some commentators express skepticism regarding the proposal's support among the parliament’s members. The vote is anticipated to occur during the Parliament's July session, with Knafo suggesting that a majority is possible if right-wing parties align in favor, despite pressures from left-wing factions. The report currently serves as a political guideline rather than a legally binding piece of legislation.

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