London Tech Week: London can rival Silicon Valley, says deputy mayor

Jun 14, 2018 · itpro.co.uk

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London's mix of government, finance and AI sectors gives it the potential to overtake San Francisco as the tech capital of the world, according to the deputy mayor of London.

Deputy mayor Rajesh Agrawal suggested that the close proximity of lawmakers, tech experts and investors gives England's capital an advantage over Silicon Valley, whose centres of power are more spread out.

"London has this unique sense," he said on stage at CogX 2018 yesterday, an AI summit put on during London Tech Week. "I always use this example: if you are in the US, New York is the finance capital, Washington DC is the seat of the government and Silicon Valley is where the tech talent exists, but in London, we have all of this in one place.

"We've got the talent, we've got a big financial sector, but also we have the seat of the government. If you want to speak to the regulators or the various government departments, they are just right here, just a tube ride away, which creates a huge strength for London."

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