New figures show that UK start-ups operating in the field of artificial intelligence (AI) have managed to attract a total of $3.6 billion worth of investment so far in 2022. The record figure is now being taken by financial experts as a powerful indication that the sector remains strong, regardless of the current economic downturn that the country is facing.
UK consumers often take independent financial advice in Shropshire, Cheshire and other parts of the country before selecting assets from sectors like technology. Independent financial advisors (IFAs) and experts in portfolio management such as wealth managers are well placed to offer their clients impartial advice on investment opportunities. As a result, they can help them build robust portfolios with adequate levels of diversity to weather turbulent economic markets.
Here in the UK, AI has now become one of the fastest-growing tech sectors. AI start-up investments in 2022’s second quarter have broken all records with raising approximately $840 million in total. Recent reports have commented that, as a rule, investment in AI is usually loaded towards the close of the year. This could mean that Britain is on course to beat the record $7.5 billion raised by AI start-ups in 2021. As a result, it will likely provide a much-needed boost for the British technology sector amid volatile macroeconomic conditions.
Statistics show that the AI sector obtained 14 per cent of all British VC investment, however Fintech remains the United Kingdom’s leading sector for funding.
