This week James chats with Marco De Novellis, Group Editor at Founders Forum Group and Tech Nation, about the current state and future of AI in the UK.

Here are some key takeaways:

• The UK AI sector has reached a combined valuation of $230 billion, surpassing France and Germany combined. Marco notes, “AI is increasingly becoming a national security question,” highlighting its importance beyond just business.

• The demand for AI talent is skyrocketing, with companies offering lucrative packages to attract top researchers. Marco points out, “AI researchers are in massive demand,” and the competition is fierce, with salaries reaching up to £1 million.

• AI startups accounted for 27% of all UK venture capital funding in 2024. Marco emphasises, “Every company is becoming an AI company,” indicating that AI is no longer a niche but a necessity across sectors.

• To maintain its leadership in AI, the UK must create conditions that encourage startups to scale and remain based in the country. Marco states, “We need to stop the exodus of talent at growth stages going to the US.”

The conversation not only highlights the challenges and opportunities within the sector but also underscores the importance of collaboration and support for startups.

Produced by Cambridge TV

Hosted on Acast. See acast.com/privacy for more information.