What is the economic impact of artificial intelligence in the UK?

Some estimates predict that UK GDP will be over 10% higher in 2030 as a result of AI. That’s the equivalent of £232 billion, making it a huge commercial opportunity.

The future of AI relies heavily on its ability to learn without the assistance of humans. Huge advances have been made in recent years in the pursuit of developing AI that can learn, reason and self-correct, but there is still a long way to go. It’s being used to develop the first generation of driverless vehicles; to improve cybersecurity and to allow robots to perform tasks in places humans simply can’t go.
Some estimates predict that UK GDP will be over 10% higher in 2030 as a result of AI. That’s the equivalent of £232 billion, making it a huge commercial opportunity.

Related Articles
Most recent Articles

Insphere joins Renishaw programme offering RCS industrial automation products

Following the release of its new line of products for industrial automation at Automate 2023, global engineering technologies company Renishaw has announced the addition of its RCS product series to the Renishaw Channel Partner Programme. The international programme aims to continually enhance levels of local customer service and product support.
1 day ago News

MTL goes large on the fibre laser front

MTL Advanced, one of the UK’s largest metal fabrication and contract manufacturing companies and part of the WEC Group, has introduced a brand-new LVD Taurus 12kW XXL format fibre laser to its large profiling line-up, following a substantial £1m investment.
2 days ago News

Encouraging first quarter for subcontract market

The latest Contract Manufacturing Index shows that the UK market for subcontract manufacturing continued to grow in the first quarter. The index was up 4.5% in the first three months of 2024, building on the strong upswing at the end of 2023.
2 days ago News

Login / Sign up