Yeah, exactly. British power came from technological advancements that occurred before the Victorian era: steam engine, spinning jenny, railways, electricity, etc. By the time the elite depicted in this article was running the country, they were largely inheriting that technological lead, and arguably had already lost it by the turn of the 20th century.

Deepmind, one of the top three western frontier AI labs, is headquartered in London. The other two are headquartered in San Francisco.