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

Some of America's biggest tech companies have a warning for Europe: curb your reliance on US cloud providers, and it could cost you €115 billion. That's the finding of a new study commissioned by CCIA Europe, a lobbying group whose members include Amazon, Google, and Meta, companies that have plenty of reasons to want European governments to keep buying American cloud services. The research, conducted by the European Centre for International Political Economy (ECIPE), claims the European Co