The EU’s proposed cloud sovereignty law, the Cloud and AI Development Act (CADA), could cost Europe €115bn over ten years. That is the central estimate in a study by the Brussels think tank ECIPE. CCIA Europe, a lobby group whose members include Amazon, Google and Meta, paid for it.
Source: [TNW](https://thenextweb.com/news/eu-cloud-sovereignty-cada-115bn-ccia-study)