According to a Google study, 61 percent of jobs in the EU would be enriched by AI. Seven percent would be fully automated, which could increase GDP by trillions of euros.

Generative AI could increase Europe’s gross national product by 1.2 to 1.4 trillion euros. The Implementation Consulting Group commissioned by Google demonstrated this in a study. AI can lead to increased productivity, more free time through automation, and employees can perform other functions. According to TechRepublic, 74 percent of European workers are already seeing an increase in productivity thanks to AI.

The EU produces fewer innovations

Since 2010, productivity in Europe has been 20 percent lower than in the USA. Europe also lags behind other countries in the areas of research and development and AI. Only two percent of Europe’s gross domestic product (GDP) is spent on research and development, in the USA it is three percent and in South Korea and Israel more than five percent.

In 2022, only 34 percent of European employers used cloud computing technology, which is crucial for AI development. Furthermore, Europe has registered only two percent of the world’s AI patents, compared to 61 percent in China and 21 percent in the US.

Google recommends that Europe invest more in AI research, build AI infrastructures based on renewable energy, and develop policies that promote AI adoption. So there is still a lot to do. In addition, large companies were reluctant to bring their products to Europe. The reason for this was the numerous regulations in the AI ​​law. More than a hundred companies have now signed the pact.