Robert Peston

Right.

I mean, AstraZeneca is periodically in the top 50, depending on what's happening to its share price.

BP, if oil price is high for a period, looks as though it's a big company.

But we've lost world leadership when it comes to so many industries.

I think you and I agree about this.

The most important industrial, economic, social revolution of our lives.

I passionately believe that artificial intelligence is changing everything.

I mean, one of the things you've been thinking about, talking about, in fact,

Today is can Europe compete?

And indeed, can the UK compete?

Where, in your view, are we?

And what more do we need to do?

If you think competing matters, which I do.

So you're right that, you know, one of the things that we routinely do in the UK is we come up with brilliant ideas and they turn into businesses.

And then just the moment where they might achieve world scale, they sell out, you know, notoriously DeepMind to Alphabet, Arm to SoftBank and then listed on the, you know, US Stock Exchange.

got right now some amazing young businesses.

I mean, there's this business, Ineffable, which is doing what's known as reinforced learning and is actually trying to make massive knowledge breakthroughs not using large language.

It seems to be a very intriguing business, and it's been valued already at multi-billions.

It's been in existence for literally a few weeks.

We've got Demis Osiris' new business, Isomorphic, which is a cutting-edge business.