US tech giants warn Europe that ditching US cloud could cost €115B

CCIA Europe, a lobbying group whose members include Amazon, Google and Meta, published an ECIPE study claiming the European Commission's proposed Cloud and AI Development Act (CADA) could cost Europe €115 billion over ten years — more than six times the Commission's upper estimate of €18 billion. It puts direct public-sector costs at €33.3 billion, with €80 billion potentially falling on private companies.

• CCIA Europe puts CADA's cost at €115B versus the Commission's €18B estimate
• €33.3B in direct public-sector costs, €80B potentially on private firms
• Code rewriting and re-architecting account for 69% of estimated costs
• Luxembourg would take the biggest hit at €1,711 per worker over ten years