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 Total tax contribution of UK financial services May 2024 - Nationally, the financial and professional services industry contributed a record £110.2bn to the public purse in 2023. This is 12.3% of total UK tax receipts: more than the government’s annual education budget and more than half the health budget. Total tax contribution of UK financial services Thought Piece Navigating Nature’s Value | Insights into the Biodiversity Credit Market May 2024 - Nature sustains both economies and livelihoods. Yet despite the alarming risks that society faces from nature loss, nature restoration and conservation projects still face a significant financing gap. Navigating Nature’s Value | Insights into the Biodiversity Credit Market Thought Piece International financial & professional services firms access the workers they need in the UK May 2024 - The UK’s talent pool is the bedrock of its world-class FPS sector. This competitive edge explains why so many international financial and professional services (FPS) firms choose to locate in the UK. International financial & professional services firms access the workers they need in the UK Research Report The UK | a top destination for financial and professional services investment Apr 2024 - Research led by the City of London Corporation shows that the UK continues to be Europe's most popular destination for foreign direct investment in financial and professional services The UK | a top destination for financial and professional services investment 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