London (Lord Media): A new report reveals that 70% of UK companies are utilizing artificial intelligence (AI), leading to improved performance and increased revenue. The report analyzed surveys from 34,000 businesses and data from 5.3 million enterprises.
According to Intuit’s AI Impact Report 2026, 77% of businesses reported enhanced productivity due to AI usage, while 43% noted an increase in revenue.
Additionally, 27% of businesses stated that AI reduced working hours, and 28% reported a decrease in costs.
The research also found that older companies are 35% less likely to adopt AI compared to newer companies.
The report indicates that London-based companies are 13.8% more likely to use AI than the national average.
