US Tech Giants Warn Europe That Data Sovereignty Requirements Could Cost $128 Billion
A study commissioned by CCIA Europe, whose members include Amazon, Google, and Meta, estimates that the EU's proposed Cloud and AI Development Act could impose 115 billion euros ($128 billion) in costs over a decade as governments and companies migrate workloads and rewrite software. The figure is more than six times the European Commission's upper estimate. However, roughly 80 billion euros ($89…
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