UK Officials Said AI Would Add £400 Billion to the Economy. That Figure Mainly Came From Google
The discrepancy highlights how governments often rely on optimistic, industry-funded economic projections to justify AI policies and public spending.
Reported by Wired ·
What happened
UK AI Minister Kanishka Narayan acknowledged that the government's frequently cited claim that AI would add £400 billion to the economy came from a 2023 report commissioned by Google. The government's own central projection estimates the economic boost by 2030 at £120 billion, less than a third of the industry-funded figure.
Who it’s about
- Kanishka Narayan
- PF Global
- Ada Lovelace Institute
Source
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