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JensSpahnpasta@feddit.org to Technology@lemmy.worldEnglish · 10 days ago

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

www.theregister.com

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

www.theregister.com

JensSpahnpasta@feddit.org to Technology@lemmy.worldEnglish · 10 days ago
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Amazon, Google, Meta among members of lobby group funding dire warnings over cloud sovereignty plans
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  • realitista@lemmus.org
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    9 days ago

    Cool, an €115 billion injection into the European economy and jobs which we would have wasted offshore for no benefit, let’s do it!

    • Frettchen@lemmy.world
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      9 days ago

      That’s it. It’s not thrown away it’s coming home. Software coming home

    • Gammelfisch@lemmy.world
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      8 days ago

      The European tech giants are starting the US brain drain.

  • schipelblorp@sh.itjust.works
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    10 days ago

    is all this deserves in response.

  • CapuccinoCoretto@lemmy.world
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    10 days ago

    Translation: US Tech giants discovered their hostile actions cost them their customers.

  • SapphireSphinx@feddit.org
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    10 days ago

    Even if it where true: That is money well spend. 115 billion over 10 years is not that much for 27 countries combined anyway.

    Afaik the EU27 public expenditure for 2025 alone was 9.32 trillion[1]. So we are talking about ~11 billion a year vs 9.32 trillion which is ~0.1% of public expenditure of the EU27. I think if we want we can handle that.

    [1] https://ec.europa.eu/eurostat/databrowser/view/GOV_10A_MAIN/default/table?lang=en

    Edit:

    Am I right in thinking that the study does recognize a spending shift towards the EU but doesn’t treat that shift as an offset against the 115 billion?

    • einlander@lemmy.world
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      9 days ago

      Don’t forget all the new local companies and jobs that will pop up to keep their systems online.

  • 🌸𝓯𝓵𝓸𝔀𝓮𝓻🌸@sh.itjust.works
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    10 days ago

    And staying with the USA might cost 100 billion per year in overpriced fossil fuels contacts and cleaning up USA’s military adventures.

  • credo@lemmy.world
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    9 days ago

    Cost who?

  • Redvenom@retrolemmy.com
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    9 days ago

    And not ditching them would cost them €511B

  • 🇨🇦GreenBeard🇨🇦@lemmy.ca
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    10 days ago

    They really don’t grasp that the point of money is to use it to do things. Things that benefit, not just you, but your family, your community, your nation and humanity in general. They really think just sitting on giant piles of cash like a nesting bird is what it’s there for.

    I swear the richer you get the dumber it makes you. Like I honestly believe there’s a point at which you get rich enough that the “Skills Atrophy” you see with people who get hooked on AI actively starts breaking down your own brain.

    • phutatorius@lemmy.zip
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      9 days ago

      Your mind: use it or lose it.

    • Frettchen@lemmy.world
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      9 days ago

      Robots will kill the need for roommates!

  • goatinspace@feddit.org
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    9 days ago

  • phutatorius@lemmy.zip
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    9 days ago

    That’s what it’ll cost the tech giants.

    In cases where I’ve worked on projects to transition to open source, they’ve all ended up saving money: capex goes close to zero, and opex starts out higher due to learning curve, but then drops below the old baseline in a few months.

  • ssfckdt@lemmy.blahaj.zone
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    9 days ago

    Linux is free bitch

  • MonkderVierte@lemmy.zip
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    10 days ago

    Goat Gardener says that removing cabbage from the garden is bad.

  • the_armchair_potato@lemmy.world
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    9 days ago

    I thought America didn’t need anybody else? According to the clown in charge.

  • FreeBooteR69@lemmy.ca
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    10 days ago

    Canada needs to ditch US tech giants as well. Long live the Fediverse!

    • Bubbaonthebeach@lemmy.ca
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      8 days ago

      Joining EU might help with that.

  • Cornballer@lemmy.zip
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    9 days ago

    Totally worth it and we’ll recoup a large chunk since the money will be going to companies that pay their taxes. Not doing this isn’t even an option anymore.

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