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 billion) of it comes from a modeled scenario assuming sovereignty rules are extended to 25% of cloud