Not even that, those companies have already been investing in their services for years if not decades. And have decades of institutional knowledge build up to scale their compute resources. Seeing those low key IT effort and the failing of corona containment im really thinking of emigrating to either Asia or north america once corona stuff has been settled.

They hope to get additional investing from industry, which sounds quite reasonable in this case.

You have to start somewhere. Total annual EU budget is 150 billion EUR.