London is one of the big hubs of Artificial Intelligence. AI is rapidly changing into major economic energy. And it could give a 22% boost to the UK economy by 2030. According to Forbes, London assembles more startups that anywhere else in the world. There are 961 startups in London with the revenue of $156.5 million in 2020. It is expected that Revenue could increase up to $300 million by 2024. 89% of AI ecosystem startups consist of Companies which have 50 or fewer employees.
Some of big investors are Local Globe, Entrepreneur First, IQ Capital and Speed Invest. 29 Chosen companies are using AI for innovation in Healthcare, Climate Change and Workplaces. GlaxoSmithKline(GSK) has opened a $12.75 million research lab to support AI for Discovery to treat cancer and other heart disease. London is competing side-by-side with the other big AI hubs of the world.