Important Projects of Common European Interest (IPCEIs) on Artificial Intelligence and Compute Infrastructure Continuum

By Carole Maczkovics, Sam Jungyun Choi, Matthieu Coget & Laura Schukraft on May 4, 2026

Posted in Artificial Intelligence (AI), European Union, Technology

EU Member States are currently designing two possible new Important Projects of Common European Interest (“IPCEIs”) to support the development of AI and compute infrastructure in the EU (together the “Digital IPCEIs”), subject to European Commission (“Commission”) approval.

On 10 March 2026, the “matchmaking” phase under the IPCEI on Artificial Intelligence (“IPCEI-AI”) was officially launched in Berlin. It brings together companies whose AI projects have been pre-selected through national calls for expressions of interest (“CEIs”) in each participating Member State. Its objective is to form European consortia eligible for State co-funding under the IPCEI-AI. National CEIs in 17 participating Member States are now closed; Finland and Lithuania are still expected to launch their CEIs.

A second digital IPCEI on Compute Infrastructure Continuum (“IPCEI-CIC”) was launched in late 2025 by 15 Member States. Several of these participating Member States – including Belgium, Croatia, Estonia, Finland, France, Germany, Hungary, Lithuania, the Netherlands, Romania, Slovakia, and Spain – have not yet launched their CEIs.

Future of Defense Across EMEA

By Victoria Nuland, Phil Cheveley, Rupert Harper, David Lorello, Daniel Feldman, Bart Szewczyk & Laura Schukraft on April 28, 2026

Posted in Aerospace & Defense, Defense Budget, Defense Issues, European Union, Middle East

Europe has switched to a wartime mindset and is surging defense spending to levels not seen since the Cold War: 20% growth in 2024 and in 2025, and a total of around $450 billion across the EU. Europe is also ramping up defense production locally, and seeking to accelerate this process through preferential funding schemes. Ukraine has become a military powerhouse and a global leader in defense tech, such as drones and counter-drone systems. And the tech Ukraine has other countries need, particularly in the Middle East. The upcoming NATO summit in Ankara in July and the prospective EU-GCC summit later this year in Saudi Arabia will continue to shape investment priorities across EMEA. For private equity firms, technology companies, prime defense contractors, and scale-ups operating in the defense sector, this shift creates opportunities to meet rising demand, while also introducing additional regulatory complexity that must be navigated carefully to secure market access and long-term strategic positioning.