ANNUAL REPORT

State of AI in Wales 2024

AI Wales's inaugural annual report examining AI adoption, investment, talent, and regulation across the Welsh economy. The definitive reference for anyone operating in or entering the Welsh AI market.

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Free for AI Wales members

Wales AI at a glance — 2024

23%

UK businesses reported using AI in 2025 (DSIT)

2x

AI companies in Wales doubled between 2022-2024 (Senedd Research)

Growing demand for AI skills across Welsh businesses

£2.1M

Welsh Government fund supporting SME AI adoption

38%

IT firms cite skills gaps slowing development (FSB)

12

Welsh universities and research institutions contributing to AI research

Report chapters

Chapter 1

AI Adoption Trends

Organisational AI maturity and sector breakdowns

Chapter 2

Investment & Funding

VC rounds, grants, and regional comparisons

Chapter 3

Talent & Skills

University pipelines, talent gaps, hiring trends

Chapter 4

Regulation & Policy

Navigation of EU AI Act and UK regulations

Chapter 5

Ecosystem & Innovation

Startup activity and university commercialisation

Chapter 6

International Positioning

Global partnerships and inward investment

Sectors analysed

FintechCybersecurityAdvanced ManufacturingEnergyAgricultureHealth SciencesPublic SectorRetailLegal ServicesCreative & Digital

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