Question to the Department for Science, Innovation & Technology:
To ask His Majesty's Government what assessment they have made of the impact of investment in AI technologies on productivity growth in the UK; and what steps they are taking to support the adoption of AI across the economy.
The OECD estimates that widespread AI adoption could boost UK productivity by 0.4-1.3 percentage points annually through automation and augmentation, potentially adding £55-140bn in GVA by 2030. That combined with the opportunities this technology brings for people is why we have set the ambition to make the UK the country with the fastest rate of AI adoption in the G7.
DSIT's Secretary of State and the Chancellor have made it clear that accelerating AI adoption is a key priority for this government. We will soon host the AI Adoption Summit, to support industry to adopt and scale AI to help workers and grow their businesses. This will complement existing activity across DSIT designed to support business AI adoption, such as our AI and digital upskilling programmes, dedicated guidance and support for SMEs through Innovate UK’s BridgeAI programme, and the AI Growth Lab, a cross-economy AI sandbox which will enable responsible AI products and services to be deployed under close supervision in live markets.