In few years or decade they will blame some other wrong decision probably.
Brussels is set to contribute roughly €5 billion, matched by another €5 billion from European governments, alongside around €20 billion in private investment.
You can train a model like DeepSeek-V4-Pro with around $2 billion. The current funding is certainly not enough to get ahead in AI, but it is sufficient to get independence in case the open models should dry up suddenly.