Artificial Intelligence1 min read

UK AI Minister Kanishka Narayan says AI is set to add £55B to £140B to the economy by 2030, below a £400B estimate from a Google-led report touted by officials (Ben Gartside/Wired)

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In short

UK AI Minister Kanishka Narayan indicated that artificial intelligence will generate between £55 billion and £140 billion for the national economy by 2030. This new assessment directly contrasts with a much larger £400 billion projection that government officials had previously promoted. The earlier, higher estimate had been established by a Google-led research report.

Key points

  • National economic estimates for artificial intelligence growth have been substantially lo…: National economic estimates for artificial intelligence growth have been substantially lowered by the minister.
  • A previous £400 billion projection had originated from an external report led by Google.: A previous £400 billion projection had originated from an external report led by Google.
  • The revised figures suggest a more restrained official outlook for technological returns…: The revised figures suggest a more restrained official outlook for technological returns by 2030.

Sources checked by our analysis pipeline: 1

Bloomberg: |

Nick Wingfield / The Information: |

Stephanie Findlay / Financial Times: |

Financial Times: |

Washington Post: |

Ben Thompson / Stratechery: |

Politico: |

Calder Mchugh / Politico: |

Financial Times: |

Bloomberg: |

Apple Developer: |

Bloomberg: |

David Swan / The Age: |

Bloomberg: |

Madison Mills / Axios: |

Katie Tarasov / CNBC: |

Simon Sharwood / The Register: |

Reuters: |

Jeff John Roberts / Fortune: |

Stephen Council / Business Insider: |

Isabel O'Brien / CNBC: |

New York Times: |

Danial Azhar / Bloomberg: |

Mike Butcher / Pathfounders: |

Neil Kakkar / The Pragmatic Engineer: |

Sawdah Bhaimiya / CNBC: |

Anthropic: |

Jay Peters / The Verge: |

Tobias Mann / The Register: |

Martha Muir / Financial Times: |

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Jon Brodkin…

Artificial Intelligence