‘We’ve got lots of things going for us America doesn’t’: Sadiq Khan on competing with Silicon Valley

cityam06-08 22:53

"I don't think it's going to be a question of people being replaced by AI": Khan Sadiq Khan has claimed that shifting political dynamics in the US are actively driving tech talent and venture capital ...

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And we’ve got lots and lots of things going for us that America doesn’t. We know big numbers of Americ","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"萨迪克·汗谈与硅谷竞争：“我们有很多事情要做，而美国却没有”","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/41610cf4f35a56fcedfb9ffb0d3814bf","symbols_score_info":{"AMDL":0.6,"AMDD":0.6,"AMD":1.87,"AMDY":0.6,"AMDG":0.6,"AMUU":0.6,"AMDW":0.6,"AMYY":0.6,"DAMD":0.6,"AMDU":0.6,"AMDS":0.6},"content_text":"\"I don't think it's going to be a question of people being replaced by AI\": Khan Sadiq Khan has claimed that shifting political dynamics in the US are actively driving tech talent and venture capital to the UK, arguing that London possesses structural and cultural advantages that “America doesn’t” as he seeks to position the capital against Silicon Valley.The Mayor of London announced a new £12m investment programme on Monday at London Tech Week, targeting AI adoption among the city’s one million small and medium-sized enterprises (SMEs).The three-year initiative arrives amid a record turnout of 30,000 international attendees, which Khan suggested reflects a growing global appetite for the UK capital over its traditional American rivals.“Silicon Valley is great – it’s one of its kind,” Khan told City AM. “But I think we’re on the shoulders of New York when it comes to our ability to compete. And we’ve got lots and lots of things going for us that America doesn’t. We know big numbers of Americans coming here to study, to live, to invest.”\n\nThe Mayor pointed to shifting sentiment under the Trump presidency – including tariff uncertainties and a tightening international research environment – as an immediate catalyst for the influx of North American capital.\n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nHis comments follow a string of major commercial commitments at Olympia, including a $2bn (£1.73bn) investment by Advanced Micro Devices (AMD) over the next five years, alongside aggressive London expansions by US tech behemoths OpenAI and Anthropic.Maintaining this competitive edge relies entirely on the capital remaining an attractive destination for highly mobile international developers and founders.“Our USP is our talent pool,” Khan said. “We’ve got to have a good, sophisticated immigration policy as well because, basically, talent is very mobile. You could go anywhere – Lisbon, Milan, Silicon Valley. Why London? People want to come here because we’ve got great music, great culture, great nightlife, great restaurants, and diversity. Harry Styles is a catch.”\n\nFixing SMEs’ AI skills gapWhile blue-chip multinationals continue to anchor their European operations in London, City Hall data highlights a steep digital divide at the base of the local economy.While the capital has minted 12 new unicorns and drawn $12bn in tech investment this year alone, fewer than one in six of London’s one million small businesses currently utilise any form of AI.“My nervousness is that there are not enough businesses taking advantage of AI,” Khan said. “I don’t think it’s going to be a question of people being replaced by AI. I think it’ll be businesses that use AI doing well, businesses that don’t use AI doing less well.”The newly announced £12m funding package, overseen by a digital task force under Baroness Martha Lane Fox, will deliver online and face-to-face training to help smaller businesses adopt the technology.\n\n“Small businesses haven’t got the time,” he said. “How do you free up your only other member of staff to go training? How do you make time for training when you’re serving your customers? We’ve got to make it as easy as possible.”Khan argued that London’s broader advantage lies in its industrial density, or “agglomeration” – the unique concentration of professional services, legal sectors, finance, and life sciences operating in close proximity.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.43.1","shortVersion":"4.43.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2641438363","isCrawlerRequest":true}