The document summarizes key findings from the Tech Nation 2018 Report on the state of technology and AI in the UK: 1) London ranks 3rd globally in startup ecosystem rankings and is the 2nd most connected tech hub globally. 2) The UK's digital tech sector grew faster than the overall economy in 2017, with turnover increasing to £184 billion and over 1.87 million digital tech jobs. 3) AI and blockchain are emerging trends in the UK, and AI is predicted to generate 2.3 million new jobs but make 1.8 million obsolete, particularly in manufacturing and transportation.

1. CogX Festival Keynote
Tech Nation 2018 Report & AI
12th June 2018
Gerard Grech
Chief Executive
Tech Nation
@gerardgrech
@technation

2. The most comprehensive research on UK Tech, using
latest data from several partners & 3400+ survey
responses.
We have worked with over 350 companies, who have
collectively raise $7Bn in 50 months, at all stages.
Find out more at: Technation.io

3. Performance of the top 12
global tech startup
ecosystems
Source: Startup Genome, 2017
Since it’s London Tech Week....
London ranks 3rd in latest tech startup ecosystem rankings

4. London is the 2nd most connected ecosystem in the world
25% of the world’s
entrepreneurs* report a
significant relationship
with two or more others
based in London, a
figure beaten only by
Silicon Valley
Inbound connections for the
top 20 global tech ecosystems
Source: *Startup Genome, 2017

5. Digital tech turnover
increased from £170
billion in 2016 to £184
billion in 2017
Growth: The UK tech sector grew 2.6 times faster than
the rest of the economy in 2017
Digital tech jobs
increased from 1.64
million in 2016 to 1.87
million in 2017
Every 50 minutes a
digital tech business is
created in the UK

6. 2.1M totally
employed in
the UK digital
industries
1.87M digital
tech jobs like
an AI engineer
(+230K in 1 yr)

7. While London is the financial epicenter, businesses are
scaling across the United Kingdom

8. UK accounts for 13 of Europe’s 34 tech unicorns, or 38%…

9. Many UK tech unicorns are driven through algorithmic
control
Unicorn Benevolent
AI
Telegram
Turnover £151 M £129 M - £2.58 M £2.36 M £8.48 M -
Employment >1000 >1000 10-24 100-249 250-499 100-249 -
Unicorn
Turnover £34.6m £30.8 M £7.82 M £67 M £4.53 M £16.5 M £50.9 M
Employment 100-249 500-999 100-249 500-999 250-499 250-499 500-999

10. Top 400 UK meetups* highlight emerging trends
AI and Blockchain
are quickly taking
centre stage
Top 400 tech meetup
groups by *membership
in the UK 2018
Source: Tech Nation, 2018;
Meetup.com, 2018
Open Source
& AI
Software Dev
& Blockchain

11. Estimated additional £630Bn to
the UK economy by 2035
(nearly 10 times the size of
London’s tech turnover in
2017)
What might AI mean for the UK?
May increase the
annual GVA growth rate
from 2.5 to 3.9%
Source: Growing the Artificial Intelligence industry in the UK, Professor Dame Wendy Hall and Jérôme Pesenti

12. By 2020, AI
will generate
2.3 million
jobs
So what might AI mean for UK jobs? Here’s one prediction.
2.3M job creation, while making 1.8M potentially obsolete
May lead to the
obsolescence of
1.8 million jobs
Public sector,
healthcare and
education
expected to
benefit
Source: Gartner, 2017
Manufacturing and
transportation may
be adversely affected

13. The UK is quickly becoming the AI ‘Beehive’
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14. Thank you. Explore at:
technation.io/report2018
@technation
@gerardgrech