Worth knowing
Wired
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.
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.