InnovationEye: UK Artificial Intelligence Industry Report 2021

InnovationEye has released the "2021 UK Artificial Intelligence Industry Report". The AI ​​revolution is huge, and the use of artificial intelligence (AI) can bring significant social and economic benefits to the UK, but there are also risks that need to be mitigated. Now, AI-based systems can already do things that humans can never accomplish. This has made the AI ​​industry attract the attention of investors, entrepreneurs, researchers, and legislators at the government level.

Investors invest in start-ups, a large part of which is located in London. 65% of UK AI companies are headquartered in the UK capital, making it the most attractive city in terms of investment and talent. Total investment in UK AI companies exceeds £13 billion. Moreover, the AI ​​industry has not been affected by the new crown. From 2018 to 2019, AI investment increased by 200%; in 2020, investment decreased by 64%, but recovered in 2021.

If AI starts making moral and political decisions for us, this means that research ethics and ethics training are more important than ever. We are currently witnessing an ethical discussion about AI, so governance in this area is crucial.

The UK has the potential to become a world leader in advanced AI systems, developing and using machine learning, computer vision, chatbots and AI assistants, robotics, the Internet of Things, predictive analytics, search engines and language processing, and intelligent data analysis.

London is becoming a real hub for innovation and investment in all things AI-related.

InnovationEye’s quantitative and qualitative analysis leads to this conclusion. All sectors of business, investment, research, society and “political will” are working to:

Ensuring AI readiness through the UK’s human capital, skills and diversity.

Accelerate R&D and innovation and speed their entry into the market by investing in entrepreneurship and AI applications in an ethical and sustainable manner.

Build ecosystems and networks to attract foreign talent to strengthen collaboration in AI among academia, industry, and government.

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