I see a16z are opening an office in London?
This immediately gets around the 1933 Securities Act and allows them to do a whole host of stuff with non-US customers (96% of world population).
Pretty sure London will be their main office by 2030. California seems like a strange place to do tech these days? It’s very premature to call it, but the winds of change are howling.
CA definitely has the talent, but LLMs totally break that grip. Open Source AI just shreds SF’s raison d’etre.
Howling indeed. While the US market is small population, I suspect it’s disproportionately large by value or relevance. But as you say, those winds of change…
And the selfs break the LLM grip, which breaks everything these puppets are puppeteering.
Do you think the UK can benefit from these US winds of change outside of shitcoinery?
It’s not just US change, I think LLM’s probably weaken the rationale for Industrial Clusters in general, maybe with the exception of heavy industry where transport / shipping cost can be a significant issue and also extraction industries where location is determined by geology.
Things like finance, life sciences and software are suddenly freed from talent hubs. I don’t think this is obvious from outside boardrooms yet.
Also, embodied AI (robots) probably only a decade away and that’s the end of large pools of cheap labour as an economic engine. Robots are a real challenge for Chinese manufacturing.
Lots of things are going to move around / change in quite a big way. Many unique challenges for many countries.
Interesting, thanks Stu
