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Stock impact report

Britain looks to upstage France with play for world's third major AI hub after U.S., China [CNBC]

SOFTBANK GRP UNSP/ADR (SFTBY) 
NASDAQ:AMEX Investor Relations: softbank.jp/en/corp/irinfo/presentations
Company Research Source: CNBC
But key challenges face the country as it looks to become the world's third-biggest AI hub. At the London Tech Week conference in the Olympia events venue earlier this month, tech executives from around the world touted London and the U.K. as a place to invest. They spoke highly of how well-connected the tech and AI ecosystem is, particularly in London, as well as the prestige of many of its top universities and schools. Alex Kendall, CEO of autonomous driving technology firm Wayve, said his company was committed to London as its central headquarters. Asked whether he would consider relocating the firm — which recently raised a $1 billion funding round from SoftBank and others — Kendall said Wayve's headquarters is “remaining and staying in London.” “I love the environment here,” he said in a talk onstage with tech investor Brent Hoberman. “The thing that's special about London for me is that it's a tech superpower but it's not tech dominated. It's diverse, it's culturall Show less Read more
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