Europe’s single market for data won’t free it from American tech giants

Europe’s plan to revive its struggling tech sector is easier said than done. The EU Commission earlier this month (Feb. 19) released an ambitious five-year plan for its digital future, laying out a new vision for artificial intelligence and data aligned with the bloc’s values on privacy and other consumer rights. It proposes a single market for data, in which tech companies doing business in the EU would have to comply with a number of requirements on data storage and access in order to do business with the region.