Over half of UK SMEs set to adopt AI in the next year

A new report shows that 52 percent of UK SMEs are already using or plan to adopt AI tools within the next 12 months. The study, from fintech company SumUp, is based on a survey of 750 business owners and decision makers within small UK businesses and finds that 27 percent see AI mostly as an opportunity, highlighting its potential to drive growth or increase efficiency. This reflects a degree of confidence, with 43 percent of business owners reporting a stronger business performance this year compared to last. 20 percent describe themselves as very confident about the next 12 months,… [Continue Reading]