Artificial intelligence could add billions to UK GDP - but don't get carried away Verdict

Artificial intelligence (AI) is one of the biggest commercial opportunities in today's economy and could grow UK GDP by 10 percent by 2030, according to a report by professional services firm PwC. The report believes that AI will transform the productivity and GDP potential of the UK, but there needs to be sustained investment in AI technology to make this happen. It says AI could have this impact by bringing about more consumer choice and more affordable, bespoke goods over time as a result of the new technologies. As well, efficiency gains through productivity will facilitate product innovation, which should lead to gains in the UK's GDP. In addition, it notes that the UK is well-placed to benefit from the shift towards automation thanks to having strong foundations in the technology already.