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 News Sterling 20 Oct 2025 - 20 of Britain’s largest pension providers and insurers have launched Sterling 20, a new partnership to invest billions into UK infrastructure, innovation and renewable energy. Sterling 20 Research Report Finance for growth: a shared U.S./UK prosperity agenda Oct 2025 - Leading US and UK financial and professional services firms, via the British American Financial Alliance (BAFA) coalition, are urging both governments progress on the Transatlantic Taskforce for Markets of the Future. Finance for growth: a shared U.S./UK prosperity agenda Research Report The UK’s offer for asset managers and owners Oct 2025 - The UK is a global leader in asset management, with over £12tn in AUM and offers extensive scale with international reach, deep expertise, and diverse investment opportunities. The UK’s offer for asset managers and owners Research Report City statistics briefing Oct 2025 - 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