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 How has the EU and UK relationship evolved in 2025? Dec 2025 - For his final blog of the year, Nick Collier looks back on EU/UK relations in 2025. How has the EU and UK relationship evolved in 2025? Thought Piece Sustainable Finance Innovation Wrapped Dec 2025 - Highlighting UK sustainable finance progress in 2025: convening the Transition Finance Council, advancing carbon markets and standards, and hosting NZDS. Sustainable Finance Innovation Wrapped Research Report Vision for Economic Growth: two years on Dec 2025 - Vision for Economic Growth set out nine big moves for government and industry in partnership. Our scorecard shows progress and next steps two years on. Vision for Economic Growth: two years on Multimedia Competitiveness benchmarking dashboard Nov 2025 - This interactive dashboard draws out seven key metrics to examine for the UK's offer in financial and professional services firms against those of other key international financial centres. Competitiveness benchmarking dashboard 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