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The UK AI market is rapidly expanding, currently valued at over £16.8 billion and projected to reach £801.6 billion by 2035. The number of AI companies in the UK has surged by over 600% in the past decade, with significant adoption across various sectors. Notably, 68% of large companies have integrated AI technologies, showcasing a strong trend towards automation and innovation.
AI's impact on the economy is profound, contributing £3.7 billion in 2022 and creating a workforce of over 360,000. The integration of AI technologies, such as those by Marks & Spencer, which reported an 80% reduction in warehouse accidents, highlights the practical benefits of AI. However, concerns about job displacement and ethical implications remain prevalent among the public.
• UK AI market projected to grow to £801.6 billion by 2035.
• Marks & Spencer achieved 80% reduction in warehouse accidents using AI.
AI technologies are being increasingly adopted across various sectors in the UK, transforming operations and enhancing efficiency.
Machine learning is one of the most commonly adopted AI solutions in the UK, with significant applications in data analysis.
NLP technologies are being integrated into various applications, including voice assistants like Siri.
Apple is enhancing its Siri voice assistant by integrating OpenAI's ChatGPT functionality.
OpenAI's collaboration with Apple aims to improve AI capabilities in consumer technology.
Isomorphic Labs, the AI drug discovery platform that was spun out of Google's DeepMind in 2021, has raised external capital for the first time. The $600
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Sam Altman today revealed that OpenAI will release an open weight artificial intelligence model in the coming months. "We are excited to release a powerful new open-weight language model with reasoning in the coming months," Altman wrote on X.
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