More than 50,000 people work at 3,170 artificial intelligence (AI) companies in the UK, which combined to generate £10bn in revenues last year, according to a government report. In its Artificial intelligence sector study, the UK government also revealed AI suppliers added £3.7bn in value to the UK economy and attracted nearly £19bn in private investment through 2022.
The study was commissioned to give the government a better understanding of the UK AI sector. The baseline analysis will contribute to policy decisions in the future, according to Conservative peer Jonathan Berry, minister for AI and intellectual property.
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