AI economy: robotics is set to transform industries such as health and banking

Robot doctors and fleets of self-driving cars are among the innovations tipped to add £630bn to the British economy by 2035.

A report published today aims to spur investment in artificial intelligence, which experts say could transform the health, banking, education and automotive industries in coming years.

In the government-sponsored study, academics and industry chiefs propose a raft of measures to ensure the UK does not fall behind its international peers.

Recommendations to turbocharge the industry include a new master’s course in AI and 200 specialist PhD places.

The report, led by Dame Wendy Hall, professor of computer science at Southampton University, will be followed by a sector deal, to include commitments from government and industry.