AI is driving economic growth in the UK.
The story so far
Bloomberg Economics estimates that AI contributed approximately one-quarter of the UK's economic growth this year, amounting to 0.45 percentage points. The contribution of AI to the UK economy currently mainly comes from the production and R&D of technology itself, rather than widespread application. It is expected that in the future, it will gradually manifest as increased productivity in various industries. The Bank of England previously estimated that AI has contributed about one-fifth of the UK's economic growth.
AI-written from the reports · Updated 3 days ago
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- ITHome · AIBloomberg estimates that AI drove about a quarter of the UK's economic growth this year.
Bloomberg Economics estimates that AI contributed approximately one-quarter of the UK's economic growth this year, amounting to 0.45 percentage points. The contribution of AI to the UK economy currently mainly comes from the production and R&D of technology itself, rather than widespread application. It is expected that in the future, it will gradually manifest as increased productivity in various industries. The Bank of England previously estimated that AI has contributed about one-fifth of the UK's economic growth.
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