"Our vision is for the UK to become the best place in the world for business developing and deploying AI to start, grow and thrive, to realise the benefits the technology offers," the report'Growing the artificial intelligence industry in the UK' suggests.

"The sensationalist coverage these stories receive isn't very helpful and obscures the main issues," author Chris Middleton told Sputnik. "We're not talking about C-3P0 sitting at your desk, we're talking about smart devices, industrial machines, drones, autonomous vehicles, plus software that automates technology." Accountancy firm PwC analysed 200,000 jobs across 29 countries and suggests the first wave of job losses will begin in the early 2020s. "When you look at financial services, a lot of jobs are relatively routine jobs such as data analysis," said PwC chief economist John Hawksworth who suggests the closure of bank branches is indicative of the current situation. Around six and eight percent of positions in the financial sector could be lost because "a lot of jobs are relatively routine jobs such as data analysis," he said.