Google-Commissioned Report Highlights Generative AI's Potential to Boost EU Economy by EUR 1.4 Trillion

A new report, released on September 30, 2024, and commissioned by Google, reveals the significant economic impact generative AI could have on the European Union. Conducted by Implement Consulting Group, the study estimates that with widespread adoption, generative AI could add between EUR 1.2 to 1.4 trillion to the EU’s GDP over the next decade—a potential 8% boost. This transformative technology could be the key to enhancing the EU's competitiveness, especially as the region continues to trail behind global leaders like the United States and China.