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 Thought Piece COP29’s financial focus shows private capital remains key to reaching net zero Dec 2024 - COP29 made it clearer than ever: the private sector must play a crucial role if we are to meet the Paris Agreement’s goals. Chris Hayward, Policy Chairman, explains why the time for bold, decisive action is now—or risk falling behind. COP29’s financial focus shows private capital remains key to reaching net zero Research Report Expanding into the UK | a guide for international financial services firms Nov 2024 - This guide is intended to help non-UK firms understand the UK financial services regime and gives practical guidance about how they can do business in the UK. Expanding into the UK | a guide for international financial services firms Research Report State of the sector 2024 Nov 2024 - The financial services sector is a major driver of the UK's economy. Securing its competitiveness is critical for future prosperity across the economy. State of the sector 2024 Research Report City statistics briefing Nov 2024 - The City Statistics briefing looks at the City of London's role as a global business hub for financial and related professional services. City statistics briefing 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