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

Oct 13 (Reuters) – 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 on Tuesday.

The findings come as European policymakers and technology companies seek to balance the risks posed by AI with the need to foster innovation, as the region races to catch up with the United States and China in developing advanced models.