A report by Oxford Economics suggests that AI-related investments are unlikely to significantly drive GDP growth in the EU in the near term, contrasting with the substantial impact seen in the US. This is attributed to the EU's AI sector being relatively small and dependent on imports.
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No US-style AI investment boom to drive EU growth
AI-related investment is unlikely to be a near-term driver of GDP growth in the EU.
AI-related investment is unlikely to be a near-term driver of GDP growth in the EU, unlike the US where it contributes significantly. Despite rapid expansion, the AI sector in the EU is still too small and heavily reliant on imports.