The Open Euro LLM initiative aims to create open large language models in Europe and is being funded by the European Commission with €37.4 million. The program includes diverse participants such as universities, startups, and research institutions. Reactions from the community indicate a mix of optimism and skepticism, with concerns about the effectiveness and management of the program. Proponents believe this could catalyze competitive open-source AI efforts in Europe, while critics doubt its potential success given the complexity and number of involved parties. Moreover, regulatory concerns were raised about the EU's role in fostering a viable AI industry without stifling innovation. Overall, the debate highlights the challenges of collaboration in large-scale research projects and the urgent need for a robust AI ecosystem in Europe.