US tech giants, through their lobbying group CCIA Europe, have commissioned a study claiming that the EU's proposed Cloud and AI Development Act (CADA) could cost Europe €115 billion over a decade — more than six times the Commission's own estimate — by forcing governments and businesses to migrate away from American cloud providers. However, the study carries an obvious conflict of interest, as CCIA's members include Amazon, Google, and Meta, all of which have significant financial stakes in European governments continuing to use US cloud services. The article notes the inherent contradiction in these companies simultaneously selling "sovereign cloud" products to European customers while lobbying against regulations that would reduce Europe's dependence on US technology.
