Projections released by the newly launched Global AI Ecosystem open-source knowledge platform indicate that the UK’s AI sector is set to skyrocket from £1.36 trillion ($1.7 trillion) to £2.4 trillion ($3 trillion) by 2027. The findings suggest the UK is set to remain Europe’s AI leader and secure third place in the global AI race behind the US and China.

The Global AI Ecosystem platform is developed with support from AI Industry Analytics (AiiA) and Deep Knowledge Group. Designed as a universally accessible space for community interaction, collaboration, content sharing, and knowledge exchange, it has become a vital hub for AI enthusiasts and professionals.

AiiA, in its Global AI Economy Size Assessment report, conducted groundbreaking research showcasing the rapid expansion of the UK’s AI industry.

With over 8,900 companies operating in the sector, the UK AI economy’s valuation of £1.36 trillion underscores its substantial contribution to the national GDP. Approximately 4,100 investment funds are dedicated to AI, with 600 of them based in the UK.

A robust workforce of 500,000 UK-based AI specialists is driving innovation, solidifying the nation’s position in the global AI landscape. This skilled workforce not only bolsters GDP growth