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 Twitter Twitter Share to Facebook Facebook Share to WeChat WeChat Share to WhatsApp WhatsApp Share to Email Email Download Related content Thought Piece Five themes to watch for at COP28 Nov 2023 - Unless we can cut global emissions by 45 percent by 2030, it will be impossible to keep the earth’s temperature to only 1.5°C above pre-industrial levels. Government pledges are, on their own, not enough - we need private finance and global corporations to tackle emissions and global biodiversity loss. Five themes to watch for at COP28 Thought Piece Innovation and growth in UK pensions | unleashing the potential of unlisted equities Nov 2023 - How UK pensions are progressing the greater inclusion of unlisted equities through the Mansion House Compact, to ensure better returns for savers and drive growth Innovation and growth in UK pensions | unleashing the potential of unlisted equities Case Study Castlepoint Systems | opportunities outside of its native Australia Nov 2023 - We spoke to Rachael Greaves, co-founder and CEO, about Castlepoint’s information governance and compliance service and the growth opportunities outside of its native Australia. Castlepoint Systems | opportunities outside of its native Australia Case Study Aon | helping clients manage the risks and opportunities from climate change Nov 2023 - Climate change is one of the most perilous emerging risks of our time, impacting countless lives. We spoke to Aon, about the role of insurance in mitigating climate risk. Aon | helping clients manage the risks and opportunities from climate change 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