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

Image for article US tech giants warn Europe that ditching US tech giants could cost 115B
News Source : Theregister.com

News Summary

  • Amazon, Google, Meta among members of lobby group funding dire warnings over cloud sovereignty plans.
  • Study puts direct public-sector costs at €33.3 billion, with a further €80 billion potentially falling on private companies.
  • Luxembourg would apparently take the biggest hit, with the study putting the cost at €1,711 per worker over ten years.
  • Denmark (€905), Austria (€900), and Finland (€864) also face hefty bills, as does Ireland (€856)
Some of Americas biggest tech companies have a warning for Europe curb your reliance on US cloud providers, and it could cost you 115 billion.

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