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AI to boost UK economy by £400bn this decade, says Google

Google AI UK
Image credit: Oscar Hornstein

AI has the potential to drive a £400bn boost to the UK’s economy by 2030, according to a report by Google.

The internet search and advertising giant’s annual Economic Impact Report estimates that generative AI could save the average UK worker more than 100 hours annually.

Generative AI is a subset of artificial intelligence that’s trained on large datasets to create new content in response to prompts. The technology has exploded into the mainstream thanks to the likes of ChatGPT and DALL-E.

“This shift that we’re going through is the most profound platform shift that any of us have lived through,” said Debbie Weinstein, Google’s UK and Ireland managing director to the PA news agency.

GPs and teachers implementing AI for administrative tasks could save around 700,000 hours per year, the report noted. If the wider health and education sectors applied AI, Google’s report states at least £8bn can be saved in public sector resources....

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