For the last two years, the UK government has been telling the British public that the country could receive an economic boost of £400 billion, thanks to AI, a figure intended to calm fears that the technology would lead to sweeping job losses and even an economic crash.
But the UK AI minister admitted last week that figure was significantly higher than the government’s actual projections after it was revealed that assessment came solely from a report commissioned by Google, and that its own estimation of AI’s economic benefit was less than a third of that £400 billion figure.n
