Posted: 30 Oct 2023 Resource Type: Research Report Download Back Artificial Intelligence (AI) is rapidly transforming the world around us. From education to innovation, transport to technology, every sector will be impacted by AI. Our new report, AI: Accelerating Innovation shows how financial and professional services (FPS) is at the forefront of this revolution. FPS businesses are at the vanguard of investing in and adopting AI technologies to boost productivity, develop new products, and improve customer experience. This report finds that the sectors with the highest levels of AI adoption are legal, IT, finance, and accounting. There are currently 3,000 AI firms in the UK employing over 50,000 people. This report sets out areas, such as digital upskilling, where the ecosystem can be strengthened even further. By leading on AI and other technologies, the FPS sector can help put the United Kingdom at the centre of a global transition that will boost domestic economic growth. Vision for Economic Growtha roadmap to prosperity Vision for Economic Growtha roadmap to prosperity Share: Share to LinkedIn LinkedIn Share to X Share to Facebook Facebook Share to WeChat WeChat Share to WhatsApp WhatsApp Share to Email Email Download Related content Research Report Untapped digital talent: the £3bn opportunity Feb 2026 - With the current digital talent pipeline failing to keep pace with rising demand, there is an opportunity to embrace non-traditional forms of recruitment and access a previously overlooked pool of high-potential talent. Untapped digital talent: the £3bn opportunity Thought Piece Sustainable finance in 2026: a leadership moment for the UK Feb 2026 - A closer look at the sustainable finance trends investors should watch in the year ahead — and why London is at the centre of the action. Sustainable finance in 2026: a leadership moment for the UK Research Report Securing the transition Jan 2026 - Scaling the Long-Duration Energy Storage sector will be vital in helping the UK Government meet its 2030 target, reduce the UK’s reliance on fossil fuels and help bring down electricity bills. Securing the transition Research Report Our global offer to business Jan 2026 - The 6th edition of our annual report benchmarking the UK’s competitive position relative to other global financial centres. Our global offer to business Stay in touch Sign up to hear more about the City of London Corporation's work on financial and professional services Sign up to hear more about the City of London Corporation's work on financial and professional services