Race to get ahead in AI sees firms spend £236k

BRITISH businesses spent nearly £236,000 each on artificial intelligence (AI) in the past year as they look to get ahead in the race to embrace the new technology, according to a report.

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The latest Barclays Business Prosperity index survey found that large corporates with more than 250 workers invested the most - at an average of £400,000 on Al and emerging technologies over the past 12 months - compared with £225,500 from medium firms and £125,250 from small companies.