The opportunity for the UK to become a leader in AI applications, especially in professional services
The U.K. missed out on major tech revolutions like the internet and social media, resulting in none of the world's largest software companies being based there. However, the AI revolution could reset this, boosting productivity in the U.K.'s knowledge industries. AI applications, especially in fields like biotech, finance, and legal services, may create huge specialized AI companies. In the legal sector, AI will enhance productivity and access to services, ending the billable hour model. Adapting quickly to AI is crucial for the U.K.'s economic growth and global relevance in professional services.