SJUK Masthead Black

Research reveals 600% growth of UK AI sector over past 10 years

June 2, 2021


New research has revealed that over the past decade the number of companies working in the UK artificial intelligence (AI) sector has risen by over 600%.

With major companies such as Graphcore, Nanopore and Darktrace – who were recently listed on the London Stock Exchange – all headquartered in the UK, the country’s AI sector is now reportedly valued at over £

Oliver Dowden, Secretary of State for Digital, Culture, Media and Sport remarked: “These fantastic figures show the UK is rapidly becoming an AI superpower, with government support playing a critical role.  

“We have committed £1bn through our AI Sector Deal to drive even more growth, create new jobs and use the power of tech to tackle some of the world’s biggest challenges.”

Gerard Grech, Chief Executive of Tech Nation, added: The UK is a central hub for transformative AI technologies and the staggering growth we are seeing in the sector is encouraging and exciting,”

“Last year alone, UK AI saw a 17 per cent increase in venture capital investment, more than any other country. At this pivotal time, we must work to support and accelerate these businesses as they continue to shape our future; from transforming financial processes to tackling climate change and revolutionising modern healthcare.”

Read Next

Security Journal UK

Subscribe Now

£99.99 for each year
No payment items has been selected yet