Abstract
AI has the potential to transform our economy, and our daily lives. It can help us to tackle some of the biggest challenges we face, from climate change to healthcare. It can drive innovation and growth and make our businesses more competitive on the global stage. That is why the United Kingdom (UK) is taking a leading role in advancing the development and adoption of artificial intelligence (AI) globally.
As the pace of technological progress continues to increase around the world, we are committed to sustaining the UK’s position as a global leader. That is why we identified AI as one of four grand challenges within the Industrial Strategy white paper more than 5 years ago; it is why we, working with industry, invested £1 billion in the AI Sector Deal in 2019; why we published the National AI Strategy and supported the establishment of the Alan Turing Institute, the Office for Artificial Intelligence, and the Centre for Data Ethics and Innovation. It is also why, on the 6 March, we announced a further £110 million investment to support artificial intelligence technology missions.
However, AI also raises important questions and challenges. We need to ensure that it is developed and used in a way that is responsible, transparent and accountable. Our work on AI ethics builds on the UK’s existing regulatory strengths. We will continue to ensure that we take a pro-innovation approach to the development and adoption of artificial intelligence – one that serves both industry and society and act as global advocates for the responsible design, development and use of these technologies.
We commissioned this study to provide a better understanding of the UK’s AI Sector. It provides a baseline analysis of AI activity that will contribute to future AI policy in support of innovation and growth across the whole of the UK. We now know that there are more than 3,000 innovative AI companies in the UK, generating more than £10bn in revenues, employing more than 50,000 people in AI related roles, and contributing £3.7 billion in Gross Value Added (GVA).
Through subsequent iterations of this analysis, we will continue to monitor sectoral developments, ensuring that our decision-making is grounded in a thorough understanding of the challenges and opportunities facing AI businesses.
As the pace of technological progress continues to increase around the world, we are committed to sustaining the UK’s position as a global leader. That is why we identified AI as one of four grand challenges within the Industrial Strategy white paper more than 5 years ago; it is why we, working with industry, invested £1 billion in the AI Sector Deal in 2019; why we published the National AI Strategy and supported the establishment of the Alan Turing Institute, the Office for Artificial Intelligence, and the Centre for Data Ethics and Innovation. It is also why, on the 6 March, we announced a further £110 million investment to support artificial intelligence technology missions.
However, AI also raises important questions and challenges. We need to ensure that it is developed and used in a way that is responsible, transparent and accountable. Our work on AI ethics builds on the UK’s existing regulatory strengths. We will continue to ensure that we take a pro-innovation approach to the development and adoption of artificial intelligence – one that serves both industry and society and act as global advocates for the responsible design, development and use of these technologies.
We commissioned this study to provide a better understanding of the UK’s AI Sector. It provides a baseline analysis of AI activity that will contribute to future AI policy in support of innovation and growth across the whole of the UK. We now know that there are more than 3,000 innovative AI companies in the UK, generating more than £10bn in revenues, employing more than 50,000 people in AI related roles, and contributing £3.7 billion in Gross Value Added (GVA).
Through subsequent iterations of this analysis, we will continue to monitor sectoral developments, ensuring that our decision-making is grounded in a thorough understanding of the challenges and opportunities facing AI businesses.
| Original language | English |
|---|---|
| Publisher | Department for Science Innovation & Technology |
| Commissioning body | UK Department for Science, Innovation and Technology |
| Number of pages | 54 |
| Publication status | Published - 29 Mar 2023 |
