This week the UK is hosting a global summit on AI, and it was great to be at the kick off event with the Department for Science, Innovation and Technology.
The UK is leading European investment in artificial intelligence (AI) according to a new report from EY.
In the UK, private capital investment was £3 billion in 2022, with UK AI scale-ups securing nearly double the funding compared to France, Germany, and the rest of Europe combined.
AI: Accelerating Innovation, launched today at the AI for Innovation Dinner hosted by the Department for Science, Innovation and Technology and the City of London. It’s the start of a week of global conversations about governance for AI, and the benefits this technology can bring.
The report also calls for international regulatory cohesion and alignment to support safe AI use not just in the UK but across the world.
AI has the power to unlock significant opportunities for the UK to become more efficient and competitive by driving innovation and growth across all aspects of the UK workforce. UK organisations are already harnessing the benefits of AI with around one in six UK organisations, totalling 432,000, embracing at least one AI technology.