The United Kingdom has put a lot of focus on the advancement of AI technologies in the country. This, combined with an innovative economy and less regulatory framework than many of its European counterparts sets the UK up for having some of the highest market growth of AI worldwide. In 2024 it is expected to grow more than 75 percent, though it will slow drastically as the decade wears on.
Market growth of generative artificial intelligence (AI) in the United Kingdom from 2021 to 2030
Data provided by Statista Market Insights are estimates.
Definition: Generative artificial intelligence (AI) is a field of artificial intelligence that focuses on creating models and systems capable of generating new content, such as images, videos, music, or text. By training on large datasets, generative AI models learn patterns and structures within the data to produce novel and realistic outputs that mimic the original data distribution. Using techniques like generative adversarial networks (GANs) or variational autoencoders (VAEs), generative AI has the potential to enhance creativity, enable data synthesis, and revolutionize various industries including art, entertainment, and content creation.
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Statista. (April 15, 2024). Market growth of generative artificial intelligence (AI) in the United Kingdom from 2021 to 2030 [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1461504/generative-ai-market-growth-uk
Statista. "Market growth of generative artificial intelligence (AI) in the United Kingdom from 2021 to 2030." Chart. April 15, 2024. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1461504/generative-ai-market-growth-uk
Statista. (2024). Market growth of generative artificial intelligence (AI) in the United Kingdom from 2021 to 2030. Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1461504/generative-ai-market-growth-uk
Statista. "Market Growth of Generative Artificial Intelligence (Ai) in The United Kingdom from 2021 to 2030." Statista, Statista Inc., 15 Apr 2024, https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1461504/generative-ai-market-growth-uk
Statista, Market growth of generative artificial intelligence (AI) in the United Kingdom from 2021 to 2030 Statista, https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1461504/generative-ai-market-growth-uk (last visited November 10, 2024)
Market growth of generative artificial intelligence (AI) in the United Kingdom from 2021 to 2030 [Graph], Statista, April 15, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1461504/generative-ai-market-growth-uk
