The United Kingdom's artificial intelligence sector has demonstrated remarkable growth in 2023, with revenues reaching £14.2 billion and employment surging by 29%, even as the industry grapples with investment challenges and international competition, according to a comprehensive government study released this month. The report, commissioned by the Department for Science, … [Read more...] about UK’s AI Sector Shows Strong Growth Amid Global Competition Challenges
AI Research & Forecasts
Tech Nation Spotlights Rising AI Stars in Future Fifty 2024 Report
The influential Tech Nation Future Fifty 2024 report, released Friday, highlights 50 of the fastest-growing and most promising tech companies in the UK. Notably, the cohort features a strong showing from startups leveraging artificial intelligence across industries ranging from creative content generation to cybersecurity. Haiper, a London-based startup specializing in … [Read more...] about Tech Nation Spotlights Rising AI Stars in Future Fifty 2024 Report
US Leads Global AI Startup Race, UK Lags Behind
In a rapidly expanding artificial intelligence market, the United States has emerged as the clear frontrunner for AI startups, while the United Kingdom finds itself trailing in eleventh place, according to a recent study by AIPRM. The global AI industry, currently valued at approximately $214.6 billion, is projected to reach $1,339.1 billion by 2030. Against this backdrop of … [Read more...] about US Leads Global AI Startup Race, UK Lags Behind
AI Essential for Success, but Talent Shortage Looms Large for Enterprises
A new study by UST reveals that while 93% of large companies view artificial intelligence (AI) as crucial for success in the coming years, more than three-quarters face a severe shortage of AI-skilled talent. The research, commissioned by digital transformation solutions provider UST, underscores the growing importance of AI in enterprise strategy, as well as the significant … [Read more...] about AI Essential for Success, but Talent Shortage Looms Large for Enterprises
AI Emerges as Top Priority for Enterprises, Driving Competitive Advantage
In a survey of over 1,000 C-suite executives across the United States, Canada, United Kingdom, Australia, and New Zealand, Constellation Research has found that artificial intelligence (AI) has become the top priority for organizations in 2024 and beyond. The survey, conducted from December 2023 to January 2024, reveals the rapid adoption and transformative impact of AI across … [Read more...] about AI Emerges as Top Priority for Enterprises, Driving Competitive Advantage