German Think Tank Warns: Limited Access to AI Training Data Could Cost Germany €155 Billion Annually

On October 13 that the German think tank IFO stated on Tuesday that if access to AI training data becomes further restricted, Germany could lose an additional 155 billion euros (approximately 173.43 billion USD) in added value annually. IFO research indicates that by 2034, generative AI could add 440 billion euros to Germany's economic output each year, but this increase would fall by 155 billion euros if access to training data is restricted. IFO expert Oliver Falck stated: “Anyone hoping to build a European-leading AI model should not impose unnecessary restrictions on acquiring training data. You cannot have it both ways.” (Jinshi)