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U.K.: AI gaining $837 billion by 2035

Artificial intelligence could add 630 billion pounds ($837 billion) to the U.K. economy by 2035, a government-commissioned report said. Nine months after the government commissioned an independent review into artificial intelligence, the authors have revealed their fundings. The major recommendations? AI and its applications shouldn’t be subject to direct regulation, but an AI council should oversee the industry. The report describes Artificial intelligence like the engine of the digital revolution. It depends for its power on a number of prerequisites: computing power, bandwidth, and large-scale data sets, all of which are elements of ‘big data’, the potential of which will only be realised using artificial

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