Interview with Marco De Novellis of TechNation to explore TechNation's AI Sector Spotlight Report 2025
UK AI Market Growth: 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.
Talent Acquisition Challenges: 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.
Investment Trends: 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.
The Importance of Ecosystem Support: 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.”
Key Quotes to Remember
“AI is not just a technology; it’s a tool for productivity and innovation.” – Marco De Novellis
“The best things come out of collaboration.” – Marco De Novellis
“We need to create the conditions for startups to scale and give back to the ecosystem.” – Marco De Novellis