The UK needs a plan on par with the US Inflation Reduction Act, Starmer says: "I can feel investors being drawn to the US – we need a response to that."
INVESTMENT
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UK Tech Hub Faces Investment Challenges Amid Uncertainty
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Addressing the UK as a hub for tech, Starmer says investors he speak to are not investing in UK because "we don't see the condition of certainty and stability we need."
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Salesforce Launches AI Cloud Suite at $360K Annual Starter
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“AI Cloud will include Salesforce's products from the Einstein service to workplace-messaging app Slack and data analysis software Tableau. Its starter pack will be available for $360,000 annually”
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Oracle Earnings: Key Takeaway on AI Strategy
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Doing the whole "this is really all you need care about" thing again for the Oracle earnings this time today with this line right here:
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LLMs Could Unlock One Trillion Dollars Economic Value
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“LLMs have a similar potential to unlock economic value and growth, with early impact estimates of $1 trillion, or 4% of GDP, in the U.S. alone”
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FemTech Industry Set for $1 Trillion Growth Despite Taboos
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A subsection of tech is set to be worth $1 trillion. But taboos are holding it back. Check out my colleague @hannahswg making her CNBC digi vid debut, explaining the fast-growing – but woefully underinvested, #FemTech industry. https://
cnb.cx/43A1wgP -
Andreessen Horowitz Opens London Office, Signals UK Tech Investment Bet
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VC firm Andreessen Horowitz is opening an office in London – its first outside the US – signalling a big bet on the UK as a place to invest in technology (and especially crypto / web3).
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London Tech Week Dominated by US Venture Capital and LP Networks
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London Tech Week is more like “my US VC and LP friends come visit London” week 🙂
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SVB Rebrands as HSBC Innovation Bank with Chancellor Discussion
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Next up: SVB and HSBC UK CEOs in discussion with Chancellor Jeremy Hunt to discuss the rebrand of SVB as HSBC Innovation Bank.
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Collaboration with Google, 3 engineers to connect Maps and detection
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Yes, the project is in collaboration with Google. They put 3 engineers from memory to connect Google Maps and help with detection (they tried AutoML and the Google Cloud classifier). At the beginning they did a kind of co-investment but ultimately the goal is obviously to hook up Google for