Lack of investment in AI is putting UK businesses at risk of falling behind competitors

UK businesses are at risk of falling behind international rivals because of a failure to use more artificial intelligence, a report by Microsoft has warned. The computing giant found that more than half of UK leaders have no AI strategy in place within their organisation. More than a third admit they are not focused on AI at all, while studies suggest that organisations making use of AI are outperforming those who aren't by five per cent. UK businesses are at risk of falling behind international rivals because of a failure to use more artificial intelligence, a report by Microsoft has warned. Of the 1,000 business leaders surveyed in partnership with Goldsmiths, University of London and YouGov, four in ten said that they believe their current business model will cease to exist within five years.