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AI is projected to add £232 billion to the UK economy by 2030

SMEs and start-ups will play a significant role in helping artificial intelligence fulfil its potential

According to recent research, AI is the largest commercial opportunity for Britain, projected to add £232 billion to the UK economy by 2030. SMEs and start-ups will play a significant role in grasping this. The segment highlighted by Theresa May during her speech at the World Economic Forum in Davos in January, where she told world leaders that the UK’s strong start-up scene will be instrumental in making the UK a world leader in ethical AI. However, start-ups today still need to overcome some significant challenges before reaching their full potential.

Authors: Ben Lobel

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