Tighter AI Data Rules Could Curb Germany’s Economic Gains by €155 Billion a Year, Study Finds
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6 Articles
The German Ivo Institute warned that tighter access to artificial intelligence training data could deprive the country ' s economy of an added value of Euro155 billion (approximately $173.43 billion) per year.
Germany AI economic impact: Tighter AI data rules could curb Germany's economic gains by €155 billion a year, study finds
The findings come as European policymakers and technology companies grapple with how to manage the risks posed by AI without slowing innovation, as the region seeks to catch up with the United States and China in developing advanced models.
Tighter AI data rules could curb Germany’s economic gains by €155 billion a year, study finds
Oct 13 (Reuters) - Germany could miss out on €155 billion ($173.43 billion) in additional annual value added if access to AI training data becomes more restricted, the influential German economic research institute ifo said on Tuesday. The findings c...
How data restrictions can cost Germany.
Germany will only be able to tap into a fraction of the potential added value from artificial intelligence (AI) if access to the training data of AI models is further restricted. This is according to modelling by the ifo institute. According to calculations, productive AI could add 440 billion euros per year to the German economy by 2034. This amount would be reduced by 155 billion euros, or just over a third, if it were made more difficult for …
Germany can only use part of the value-added potential through artificial intelligence (AI) if access to training data for AI models is further restricted. This resulted in a model calculation by the ifo Institute. According to this calculation, Germany could bring additional value-added of 440 billion euros per year to 2034. This sum would be reduced by 155 billion euros, i.e. by about a third, if the access of AI developers to training data is…
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