How much data is CERN's Hadron Collider expected to generate? ** Edited to correct typo **

I stumbled across this earlier in an edition of Computing - apparently the Hadron Collider "is expected to generate 40,000Gb of usable information per day" - assuming it operated at this rate for a year that would be over 14 Peta-bytes of data! I wonder what their backup regime is?

Note: Thanks to Paul Steaders for noticing my typo - I'd stated the data volume would be 14 Tb when I meant Pb