Tighter AI data access could cost Germany €155 billion a year, ifo says

Germany risks losing €155 billion ($173.43 billion) in additional annual value added if access to AI training data is tightened, the ifo economic institute said. Generative AI could add €440 billion a year to Germany's economy by 2034, but losses would come from slower adoption (€45 billion), weaker models (€75 billion), lower research output (€25 billion) and reduced AI development in Europe (€10 billion).

• Losses: €45B from slower adoption, €75B from weaker models
• Another €25B from lower research output, €10B from less EU development
• ifo urges keeping the EU's text-and-data-mining exemption
• Generative AI could add €440B a year to Germany by 2034