Michelle ThompsonAccording to recent projections from the Global AI Ecosystem, it appears that the UK is poised to maintain its position as the top AI player in Europe and secure the third spot in the global AI competition, following the United States and China.
The Global AI Economy Size Assessment report has conducted groundbreaking research, highlighting the UK’s AI industry’s rapid growth and its position in the global AI competition.
The report suggests that the UK’s AI sector is on track to surge from £1.36 trillion to £2.4 trillion by 2027.
The Global AI Ecosystem platform has been developed with the backing of AI Industry Analytics (AiiA) and Deep Knowledge Group. Designed as a space that is universally accessible for community interaction, collaboration, content sharing, and knowledge exchange, it has evolved into a crucial hub for AI enthusiasts and professionals.
How the United Kingdom is fostering innovation within its artificial intelligence sector?
The United Kingdom’s AI sector, boasting over 8,900 companies, contributes significantly to the national GDP, with a valuation of £1.36 trillion.
Approximately 4,100 investment funds are exclusively focused on AI, with 600 of them headquartered in the UK.
The nation benefits from a robust workforce of 500,000 AI specialists, who are at the forefront of driving innovation and securing the UK’s position in the global AI competition.
This highly skilled workforce not only fosters GDP growth but also serves as a safeguard against unemployment.
The active commitment of the UK Government to its national AI agenda is a pivotal factor in this impressive growth. Recently, UK Deputy Prime Minister Oliver Dowden described AI as “the most extensive industrial revolution yet.”
The infusion of investments in the AI sector is poised to elevate the United Kingdom to the position of Europe’s frontrunner in the global AI competition.
Dmitry Kaminskiy, the Founder of AI Industry Analytics (AiiA) and General Partner of Deep Knowledge Group, has emphasized that despite economic challenges, the United Kingdom remains a dynamic and proactive leader in the worldwide AI competition.
AI is poised to become a major driver of economic growth, further advancing the entire UK DeepTech industry and creating a cumulative, systemic positive impact on the nation’s integral infrastructure.
Cities such as London, Cambridge, Manchester, and Edinburgh have emerged as prominent AI hubs, fostering collaboration and providing access to crucial resources. London, with nearly 5,000 AI companies, competes with entire nations on the global AI stage and solidifies its leadership in Europe.
The UK’s position as a hub for science, research and development, DeepTech, and AI governance positions it favorably to leverage AI as a core engine of technological advancement and economic growth in the global AI competition.
