Artificial intelligence, AI, has contributed 0.45 percentage points to the UK’s economic growth of around 1.8 percent this year. That corresponds to a quarter of growth, according to Bloomberg Economics.
The growth contribution comes mainly from investment in data centers and the development of AI technology, rather than broader productivity gains.
At the same time, the economists warn that the country is vulnerable to a sharp global stock market decline in the AI sector.
The Bank of England previously estimated AI’s contribution at around one-fifth of this year’s economic growth.
