Artificial Intelligence: Economic Growth
(asked on 31st October 2024) - View Source
Question to the Department for Science, Innovation & Technology:
To ask the Secretary of State for Science, Innovation and Technology, what discussions he has had with Cabinet colleagues on artificial intelligence and its role in economic growth.
Answered by
Feryal Clark
Parliamentary Under Secretary of State (Department for Science, Innovation and Technology)
Artificial Intelligence (AI) offers great economic potential for the whole of the UK.
The UK’s AI Sector was valued at £72.3bn in 2024 - larger than any country in Europe. Forecasts suggest it could eventually be worth over £800 billion by 2035.The AI Opportunities Action Plan will outline recommendations for Government, to harness AI's potential, including boosting economic growth, productivity, and job quality through widespread AI adoption.
DSIT's Secretary of State collaborates closely with cabinet colleagues on AI-related matters.