Tech giants warn Europe ditching their cloud services could cost billions — but then they would say that
- CCIA report says European Commission's cost estimates are way off the mark
- Pro-European restrictions could add to operating costs, migration complexity and more
- Importantly, these figures come from a group that represents Amazon, Google and other US Big Tech
Europe's efforts to tackle foreign tech vendor reliance could cost €115 billion over the next decade, a new report by the European Center for International Political Economy (ECIPE) claims.
The paper, commissioned by the Computer and Communications Industry Association (CCIA), specifically refers to the Cloud and AI Development Act (CADA).
However, the CCIA is a group that represents major American tech giants including Amazon, Google and Meta, who all have major commercial interested in Europe.
Europe could incur serious costs by ditching US tech hyperscalers
The Commission had previously estimated an upper-end cost of €18 billion over ten years, but ECIPE's estimate of €115 billion is around 6.4x higher. The...
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