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Evening Standard
Evening Standard
Business
Sarah Walker

Britain needs to be AI-ready to keep up with the rest of the world

The vote of confidence from Bank of England Governor Andrew Bailey on the game-changing potential of artificial intelligence (AI) for Britain and the global economy underscores a pivotal moment for UK businesses, society, and our economy.

Drawing parallels to the invention of electricity, Bailey highlighted AI’s potential to lift growth rates and increase per capita national income, a vision that should inspire us all. Yet, his emphasis on AI upskilling as crucial to this transformation raises a stark question for the UK – are we ready?

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