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 The City of London Corporation's work in support of financial and professional services: annual review 2024/2025 Apr 2025 - Explore the progress we’ve made in championing the UK’s financial and professional services industry in 2024/2025. The City of London Corporation's work in support of financial and professional services: annual review 2024/2025 Research Report The role of the UK in carbon markets: a path to global leadership Apr 2025 - Identifying opportunities for the UK to strengthen its leadership in scaling and supporting well-functioning global carbon markets. The role of the UK in carbon markets: a path to global leadership Research Report Securing growth: the digital verification opportunity Mar 2025 - A principle-led approach to developing an effective digital verification model tailored to the UK. Securing growth: the digital verification opportunity Research Report A roadmap for the adoption of ISSB Standards Mar 2025 - This report explores key regulatory and legislative considerations for effective adoption of ISSB Standards. A roadmap for the adoption of ISSB Standards 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