As far as Europe is concerned they have recently signed up to the 'Pax Silica'[1] and willingly givrn the LLM space over to the US incumbents with buildtin legislation banning Chinese models and coperation with them.
So EU will be a renter of the LLMs that the US allows them to use.
In the long run OpenSource will dominate as it did in the DB(MySQL/Postgres)/ServerOS(Linux/BSDs) versus Proprietery rent seeking alts like Oracle and Microsoft et al.
Would be interesting to see what the global startups using Qwen/DS/Kimi etc within the EU-US space navigate the cutting edge OpenSource LLMs vs seeking/getting a permission slip from the US gov.
[1]https://archive.is/aiJiq