The reality is that if the UK really wants to capitalize on the tech revolution, digital

AI and everything else, it's going to take innovation and investment from companies of all shapes

and sizes. That's the core of the new digital markets regime and that's the core of our

thinking. Our view has certainly been that in AI you want to potentially be wary of the sort

of heavy-handed sweeping regulation that could potentially be like innovation and growth. Ultimately,

you want a regulatory environment. Businesses have the confidence to invest and, all sizes of businesses and consumers have got the confidence we talked about earlier to adopt and engage with new technology.

If you don't get regulation right, you don't get the outcomes that we all want to see for the UK.

The economic growth, the opportunities for UK businesses and entrepreneurs,

and ultimately the long-term prosperity and stability for our country.

From the first-time founders to the funds that back them, innovation needs different.

Our episode partner, HSBC Innovation Banking, is proud to accelerate growth for tech and life science

businesses, creating meaningful connections and opening up a world of opportunity for entrepreneurs

and investors alike. Discover more at www.h.hsbc Innovationbanking.com slash EM dashGB.

Hello and welcome to the UKTM podcast, a weekly chat with the movers and shakers of the UK

tech industry and the destination for all things UK tech related.

I'm your host, Jane Wakefield, and today I'm joined by Jessica Leonard,

the Chief Strategy Officer at the Competition and Markets Authority.

Welcome, Jessica.

Hi, thanks so much for having me on.

Now, let's start by kind of putting into context what it is that the CMA does,

because you have a big remit and a lot of responsibilities.

So for people who might not know,

...