A record £2.9 billion was invested in British AI companies last year as Prime Minister Keir Starmer vowed to make the UK an AI superpower. But according to influential business leaders such as Jensen Huang, CEO of the world’s most valuable designer and seller of advanced computer chips, Nvidia, the UK and other Western nations risk losing the AI race to China due to unnecessary cynicism and worry over AI.

In January 2026 a panel of experts came to Intelligence Squared to debate and discuss the reality of Britain’s relationship with AI for the next instalment of our Economic Outlook series.

Are fears over an AI bubble cause for legitimate concern in the years ahead? How can we stem the brain drain of bright graduates and start-ups leaving for countries like the US? And how should the government tackle the key issues of energy costs and regulation that stand in the way of innovation?

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This recording is part of The Intelligence Squared Economic Outlook series of events made in partnership with Guinness Global Investors, an independent British fund manager that helps both individuals and institutions harness the future drivers of growth to achieve their investment goals.

To find out more visit: https://www.guinnessgi.com/

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Federal Labour Minister Steven MacKinnon; panelists discuss the stories of the day on round two.