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UK could gain $814B from artificial intelligence by 2035, report says

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UK could gain $814B from artificial intelligence by 2035, report says

The U.K.'s economy could gain about $814 billion more by 2035 through developing the country's artificial intelligence sector, an independent review commissioned by the government has said.

The report recommended that Britain should focus on developing data trusts to enable data sharing on between the government and the AI industry, making more research data available in machine-readable formats, and support text and data mining as an important component of research work.

The review also recognized the need for a larger and more diverse AI workforce in Britain. It recommended developing lower-level skills to work with AI, more support for AI research and teaching AI courses online and in universities.

Other recommendations in the review include creating an AI council to promote the sector's growth in Britain, support for AI exports and investments, encouraging the use of AI in the public sector, and recognizing the existing Alan Turing Institute as the national institute for AI and data science.

The review was supported by the Department for Business, Energy and Industrial Strategy and the Department for Digital, Culture, Media and Sport. It was carried out by Wendy Hall, a computer science professor at the University of Southampton, and Jérôme Pesenti, CEO of BenevolentTech, the technology division of British AI company BenevolentAI Ltd.