A
generational
shift
is
underway.
Europe
is
no
longer
just
a
source
of
talent
for
Silicon
Valley
—
it
is
building
its
own
sovereign
technology
champions
in
AI,
defense,
energy,
semiconductors,
and
the
deep
sciences.
The
capital
following
them
is
global;
the
access
is
not.