Kathleen Fisher, chief executive of the Advanced Research and Invention Agency (ARIA), joins Hannah Prevett for her first major interview since taking charge of the UK's high-risk research agency.
Created in 2023, Aria was the invention of Conservative Party adviser Dominic Cummings. Inspired by the US Defence Advanced Research Projects Agency (DARPA) - where Fisher previously worked - ARIA was designed to back ambitious ideas that could transform industries, accelerate AI in business and strengthen the UK economy.
In this special recording before a live audience for The Times and Sunday Times Reviving the City event, Fisher discusses what it will take for the UK to create the next generation of world-leading tech companies, whether Britain can produce a trillion-dollar business, and why she believes the country must become more comfortable with risk if it wants to compete on the global stage.
The conversation explores the challenges facing UK companies as artificial intelligence reshapes industries, from startups and scale-ups to established FTSE 100 businesses. Fisher explains how AI in business can be used to empower workers rather than replace them, why organisations that fail to adapt risk being left behind, and where Britain has unique advantages in areas such as AI hardware, and quantum technologies.
She also shares lessons from her time at DARPA, outlines ARIA's mission to turn scientific breakthroughs into commercial success, and discusses how the UK can capture more of the value created by its world-class research base. Along the way, she weighs in on venture capital, patient investment, the role of pension funds in backing innovation, and the importance of creating an environment where entrepreneurs can learn from failure.
For anyone interested in investing, startups, scale-ups, AI in business, the future of the UK economy and the prospects for Britain's next generation of tech companies, this is a conversation with one of the most influential figures shaping the country's innovation agenda.
Presenter:
- Hannah Prevett, associate business editor of The Sunday Times
Guest:
- Kathleen Fisher, chief executive of the Advanced Research and Invention Agency (ARIA)
Producer: Hope Federico
Executive Producer: Miriam Hall
Get in touch: thebusiness@thetimes.com
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