EU cloud sovereignty law could cost Europe €115bn, US tech lobby study says
The Next Web
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A study funded by CCIA Europe estimates the EU's proposed Cloud and AI Development Act could cost Europe €115bn over ten years, far exceeding the European Commission's €18bn estimate. The costs include public sector expenses and impacts on private companies in critical sectors, driven mainly by software migration and higher cloud prices. The study excludes potential benefits like improved security and autonomy.
