posted in Technology
US tech giants warn Europe that ditching US tech giants could cost €115B
www.theregister.com/paas-and-iaas/2026/10/14/us-tech-giants-warn-europe-that-ditching-us-tech-giants-could-cost-115b/5303031posted in Technology
US tech giants warn Europe that ditching US tech giants could cost €115B
www.theregister.com/paas-and-iaas/2026/10/14/us-tech-giants-warn-europe-that-ditching-us-tech-giants-could-cost-115b/5303031Replying to @JensSpahnpasta@feddit.org
is all this deserves in response.
Replying to @JensSpahnpasta@feddit.org
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] ec.europa.eu/eurostat/databrowser/view/…/table?la…
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?
Replying to @SapphireSphinx@feddit.org
Don’t forget all the new local companies and jobs that will pop up to keep their systems online.
Replying to @JensSpahnpasta@feddit.org
“Luxembourg would apparently take the biggest hit, with the study putting the cost at €1,711 per worker over ten years. Denmark (€905), Austria (€900), and Finland (€864) also face hefty bills, as does Ireland (€856)”
So… the countries where hyperscalers avoid tax will no longer have hyperscalers avoiding tax in it. And somehow that’s framed as a bad thing?
Replying to @YetAnotherNerd@sopuli.xyz
forcing businesses to move away from existing cloud infrastructure could trigger expensive software redevelopment projects, with code rewriting and re-architecting accounting for 69 percent of its estimated costs.
~70% of it just to move to another hosting provider? hmmmm
Replying to @myrmidex@belgae.social
Yeah, going from AWS to Hetzner will require doubling your SRE/platform/infra/whatever-you-call-them staff, clearly.
Replying to @waxrhetorical@feddit.dk
We’re on AWS at work. I use Hetzner personally.
The main issue with switching is the services. On AWS we use KMS, SQS, DynamoDB. On hertzner we’d have to run an instance with software for that ourselves and then rewrite systems and do migrations etc. That’s the expense.
Also KMS has no alternate because it’s not just software. It’s a HSM. So where do we store the master keys on Hetzner?
Don’t get me wrong, I’d love to do it, not up to me unfortunately.
Replying to @myrmidex@belgae.social
From my software development standpoint that could actually be. AWS and azure have a hefty user lock in that could cost a lot to migrate out of
Replying to @YetAnotherNerd@sopuli.xyz
Those are the costs but aren’t there also earnings? The study seems to ignore the fact that money not spend in the US will be spend in the EU.
Replying to @YetAnotherNerd@sopuli.xyz
That is over 10 years. 90€ per worker per year is really nothing.
Replying to @YetAnotherNerd@sopuli.xyz
Translation: Luxembourg workers, who are some of the highest paid people in the entire world, would have to pay 171 euros per year to build out a European tech force that would benefit themselves.
That sounds… awesome?
Replying to @dogslayeggs@lemmy.world
Yeah, it’s a pretty small amount for digital sovereignty
Replying to @JensSpahnpasta@feddit.org
Translation: US Tech giants discovered their hostile actions cost them their customers.
Replying to @JensSpahnpasta@feddit.org
Goat Gardener says that removing cabbage from the garden is bad.
Replying to @JensSpahnpasta@feddit.org
Canada needs to ditch US tech giants as well. Long live the Fediverse!
Replying to @JensSpahnpasta@feddit.org
Cool, an €115 billion injection into the European economy and jobs which we would have wasted offshore for no benefit, let’s do it!
Replying to @realitista@lemmus.org
That’s it. It’s not thrown away it’s coming home. Software coming home
Replying to @JensSpahnpasta@feddit.org
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.
Replying to @GreenBeard@lemmy.ca
Robots will kill the need for roommates!
Replying to @JensSpahnpasta@feddit.org
Money well spent 💅
Replying to @JensSpahnpasta@feddit.org
My landlord told me it would be expensive to buy my house too and yet
Replying to @JensSpahnpasta@feddit.org
Oh no… They’ll have to find some other countries to funnel their tax avoidance through. Might I recommend Russia now that Trump is pals with Vlad?
Replying to @JensSpahnpasta@feddit.org
And staying with the USA might cost 100 billion per year in overpriced fossil fuels contacts and cleaning up USA’s military adventures.
Replying to @JensSpahnpasta@feddit.org
Replying to @JensSpahnpasta@feddit.org
Linux is free bitch
Replying to @JensSpahnpasta@feddit.org
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.
Replying to @JensSpahnpasta@feddit.org
I thought America didn’t need anybody else? According to the clown in charge.
Replying to @JensSpahnpasta@feddit.org
Cost who?
Replying to @JensSpahnpasta@feddit.org
And not ditching them would cost them €511B