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 Case Study Aquis | revolutionising capital markets for growing businesses Sep 2024 - We spoke to Alasdair Haynes, founder of Aquis Exchange PLC about the steps they have taken to redefine how young businesses raise capital, scale up, and succeed in public markets. Aquis | revolutionising capital markets for growing businesses Case Study Aon | helping companies combat growing cyber risks Sep 2024 - We spoke to Chris Scott, Head of Cyber Solutions UK at Aon, about how the firm is advising clients against growing cyber risks. Aon | helping companies combat growing cyber risks Research Report UK RegTech | Success Stories Aug 2024 - Showcasing the benefits of RegTech by presenting successful examples of RegTech implementation which have helped UK firms to cut compliance costs, be more efficient, and save time and resources. UK RegTech | Success Stories Thought Piece How the UK can help to put Saudi Arabia on an accelerated path to a sustainable future Jul 2024 - How the UK's expertise in sustainable finance and global infrastructure financing can help accelerate Saudi Arabia on its path to a sustainable future. How the UK can help to put Saudi Arabia on an accelerated path to a sustainable future 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