Current status: Answered by Richard Lochhead on 6 March 2025
To ask the Scottish Government whether it has taken any steps to make a cost-benefit analyses of potential measures available to it to promote the artificiak intellegence (AI)-related industry in Scotland.
Currently, a breakdown of spending returns on AI business support is not available as it is challenging to break down elements of work that are specific to AI and their impact as it is implicated in so many wider business impacts. However, recent research indicates that private equity investments were up by a third in 2024, with VC investment in Scotland rising by 14% in the last quarter of last year indicating a strong investment growth into AI in Scotland. We continue to work with enterprise agencies to identify where the Scottish economy is benefitting from AI and SE are soon to publish research on the economic opportunities for AI in Scotland.