Clark Vasey’s Post

The good, the bad and the ugly from yesterday’s Chatham-House-rule discussion on the #UKChina relationship at techUK (🔗⬇️) 1️⃣ 🛫 A slate of UK ministers is visiting Beijing in the new year: not just chancellor Reeves, but energy secretary Miliband and business secretary Reynolds, too. 2️⃣ 🙊 The #ChinaAudit that the UK government is undertaking will not result in a public document or a public outcome. 3️⃣ 📈 “In the UK pursuit for growth, we can learn a thing or two from China” [but let’s not forget what we know already - that elite preservation trumps development in party-state capitalism and that command economies misallocate capital] 4️⃣ 🔌 The UK remains the only G7 country that has not imposed tariffs on Chinese electric vehicles. 5️⃣ 🧠 Will the next US administration allow the continue involvement of China in the UK-sponsored AI safety agenda? 6️⃣ 🔭 Where does one go to see the future of tech? The US used to be the undisputed answer; now, China is one of those places. 7️⃣ 🏝️ The "Galapagos effect" (specific conditions, specific adaptations) limiting the appeal of Chinese software is fading, with greater adoption of Chinese tech abroad (e.g., in Latin America). 8️⃣ 🎣 "You cannot fish in clear water": a Chinese saying, quoted to encourage risk taking in dealings with China [混水摸魚, from the Tang-dynasty 𝘛𝘩𝘪𝘳𝘵𝘺-𝘚𝘪𝘹 𝘚𝘵𝘳𝘢𝘵𝘢𝘨𝘦𝘮𝘴]. 9️⃣ 🏭 "Industrial policy users to be a dirty word, now everyone is doing it: they call the Chips Act, Inflation Reduction Act, securonomics." 🔟 🏗️ China as seen elsewhere in the world: "when the Chinese come, you get an airport; when a US president comes, you get a lecture."

Unlocking Europe's Tech Potential: Challenges and Solutions As the global tech landscape evolves, Europe faces unique hurdles that threaten its competitiveness in the sector. 🔍💻 With insights from industry experts like NVIDIA and Microsoft, let's explore the underlying factors and potential solutions. 🌐 💡The Innovation Gap: Despite its rich history in innovation, Europe lags behind in tech investment compared to the US and China. 💸📉 Structural weaknesses, including lengthy restructuring processes, hinder the region's ability to keep pace with global tech advancements. 📉 🛠️Barriers to Adaptation: Complex labor regulations in countries like Germany and France prolong restructuring timelines, stifling agility and innovation. ⏳💼 As frontier-tech investments become riskier, Europe struggles to match the rapid pace of adaptation seen in the US. 🔄 💡Investment Shortfall: While AI powers the current industrial revolution, Europe's investment in AI infrastructure pales in comparison to its global counterparts. 💰🤖 Without significant reforms, Europe risks falling further behind in the tech race. 📉 🔍Path to Innovation: To revitalize Europe's tech sector without compromising its social model, targeted reforms in employment protection laws could offer a viable solution. 🌱💼 By fostering a more flexible environment for tech innovation, Europe can reclaim its position as a global tech leader. 💡🚀 Seize the opportunity to drive innovation and propel Europe's tech sector forward! ✅ Looking to raise capital for your #fund and increase the international pool of #investors? Need warm #LP introductions?   📝 Selling #secondaries to increase liquidity? Looking for buyers of #startup shares? #LPs shares for sale? #GP stakes for sale?   ▶ For inquiries and pitch decks please use this link https://lnkd.in/gjC_EuTE #EuropeTech #TechInnovation #InvestmentGap #StructuralReform #FutureOfTech #GlobalCompetitiveness #InnovationEcosystem #EuropeanLeadership #AIInfrastructure 🚀🌍

Europe must prioritize innovation over regulation My Takeaway To drive job creation in Europe, innovation should be fostered across the board. This includes creating entirely new industries through groundbreaking ideas, embracing automation alongside workforce upskilling programs to address job displacement, and cultivating a supportive environment for small and medium-sized businesses, which are often hotbeds for innovation and local job growth. Striking the right balance between innovation and regulation is key. Streamlining regulations for startups and SMEs can speed up bringing new ideas to market. While some regulations might seem like hurdles, they can ensure safety, ethics, and environmental responsibility, building trust and attracting investment that benefits the economy in the long run. Targeted government investment in R&D for strategic sectors can further propel innovation with a clear economic advantage. How far Europe different than China in innovation? Europe has a strong foundation for innovation, with a rich history of scientific breakthroughs fueled by its world-class universities. This translates to a highly skilled workforce equipped with technical expertise and critical thinking abilities. Additionally, Europe's focus on quality and high standards, reflected in its regulations, ensures the creation of safe, long-lasting, and environmentally sustainable products. China's innovation engine is fueled by a powerful combination of factors: rapid government investment in cutting-edge R&D, particularly in AI, a laser focus on swift commercialization of new technologies, a massive pool of engineers and scientists ready to bring ideas to life, and strong government support that steers and accelerates the entire innovation process. Despite Europe's strong research base, a key challenge lies in keeping pace with China's innovation surge. Europe falls short in venture capital funding for startups, has stricter regulations that can slow progress, and lacks the massive domestic market China offers for testing and scaling new ideas. What's your thought? Follow me on Kaneshwaran Govindasamy and Global 5G Evolution Click comment box. #Subscribe our #Youtube channel #ericsson #europe #china #europecommision #5G #5g #innovation #ai

UK technology partnerships with Central Europe are driving innovation and progress. #AIresearchinRomania #AIstartupsinEasternEurope #CEEtechecosystemgrowth #CentralEuropeantechnologyhubs #ScienceandInnovationNetwork #SemiconductorsindustryBulgaria #UKHorizonEuropepartnerships #UKsemiconductorstrategy #UKtechnologypartnershipsCentralEurope #UKCEEtechcollaboration #thxnews

Having an opportunity to present what MEDS Venture is doing and our experience helping the industries to decarbonize at event organized by the IEEE Singapore Section & IEEE Young Professionals Singapore within the Singapore Technology Forum 2024 is an honour and responsibility. The IEEE is a reference in the industrial sustainability. It is actively involved in fostering industrial sustainability through its standards, initiative, and commitment to addressing global challenges. There is a huge gap between the Net Zero ambition and the clarity of how to get there. Stakeholders at all levels need to work together to make it happen. Innovation and Mature Tech have role to play. Reach out to us on how we can help you and your organization to decarbonize and reach its sustainability goals without breaking the bank, but the exactly the opposite. #industrystandards #industrydecarbonization #energytransition #Sustainability #NetZero

AIOT Canada and the Canadian Chamber in Italy announce strategic partnership Rome (Italy) and Ottawa (Canada) - AIOT Canada and the Canadian Chamber in Italy signed a memorandum of understanding in recent days to promote technological innovation and economic growth. This collaboration will focus primarily on promoting artificial intelligence (AI) and internet of things (IoT) technologies in the Italian and Canadian markets through joint initiatives, knowledge exchange and collaborative projects. Making the announcement are the respective presidents of the two associations who, with this MoU, have decided to join forces to improve relations between the small and medium-sized businesses of the two nations, especially given the excellent relations that already exist. In this regard, Walter Knitl, president of AIOT Canada, said, “This partnership represents a significant step in our mission to advance AIOT technologies and create new economic opportunities. By combining our expertise and resources, we can spur innovation and support sustainable development in both Canada and Italy.” Caterina Passariello, president of the Canadian Chamber in Italy, commented, “We are excited to partner with AIOT Canada. This MoU will enhance our ability to connect Italian and Canadian companies, facilitating access to markets and promoting the exchange of best practices. Together, we will work toward a more innovative and interconnected future.” AIOT Canada is a nonprofit organization created in 2019 to promote the adoption, development, and operation of artificial intelligence and IOT technologies in Canada. The association represents several members and partners across the country dedicated to promoting economic development and technological innovation. ( https://www.aiotcanada.ca/ ) Canadian Chamber in Italy is a Rome-based nonprofit association that facilitates economic and trade relations between Italy and Canada. The association supports Canadian companies in reaching their full potential in Italy and the Mediterranean area by making the right connections and promoting the exchange of best practices and technologies between the two countries. ( https://lnkd.in/dGMefn2P ) For more information, please contact: info@aiotcanada.ca or segreteria@canadianchamber.it

Europe is falling behind in the global tech race—Draghi’s plan may be its last chance to close the widening innovation gap. Will this bold move be enough to stop the continent from becoming irrelevant in the digital age? Read this piece I have written to have a better grasp of the situation. #TechCrisis #InnovationGap #Europe #TechPolicy #MarioDraghi

Nevada has emerged as an unexpected hub for technology companies in recent years, drawing in giants from Silicon Valley and beyond. This shift has sparked discussions about the factors driving this migration and Nevada's unique opportunities for tech enterprises. Here are some of the reasons behind this trend and why Nevada is one of the best states for tech companies to call home. Read the full article: https://lnkd.in/eDS-s4yE

In his latest Forbes article, 2024 IEEE President Thomas Coughlin shares insights from his recent travels to #Japan, #Australia, and #Taiwan. He emphasizes #IEEE's vital role in fostering industry engagement and nurturing #YoungProfessionals, as well as its commitment to driving global #innovation. His experiences underscore the importance of collaboration across borders to ensure that #technology continues to advance and meet the needs of society. Read more about his journey and perspectives on the future of tech now at: https://lnkd.in/e89WSiAZ

Dive into the dynamic world of Central & Eastern Europe's tech scene with PUBLIC's latest Technology and Innovation report! 🚀 Given the global nature of technology, it's crucial for the UK to seek tech partnerships worldwide, fostering shared growth and tackling global challenges. PUBLIC was commissioned to write this report by the The UK Government’s Science and Innovation Network (SIN) with the purpose of identifying opportunities for mutually beneficial partnerships between the UK and Central and Eastern Europe (CEE) in key tech areas outlined in the International Tech Strategy (ITS). 💡 The report reveals that: 🧑💻 CEE is a growing and under-tapped tech ecosystem with a distinctive interest in technology and innovation 🌐 CEE nations feature burgeoning, adaptable tech ecosystems that are closely connected 🤝 Collaborative tech partnerships with this dynamic and emerging region offer a chance for joint involvement in shaping future developments across ITS sectors Exploring strengths and opportunities in the UK’s top five tech areas—🧑💻artificial intelligence, 🚗 semiconductors, ⚛️ quantum, 🧬 biological engineering, and 📞 telecoms—the report underscores the vital role of UK-CEE partnerships, placing CEE at the forefront of global tech innovation. Read the full report here ⬇️ and for further information reach out to Florence Mayo (florence.mayo@public.io) or Johnny Hugill (johnny@public.io). https://lnkd.in/eHP5q8qj #TechnologyAndInnovation #GovTech #Innovation #EmergingTech #ArtificialIntelligence #AI #Quantum #Telecoms #EngineeringBiology #Semiconductors #StartUps Ryan Shea Alexander de Carvalho Ezgi Yazici Natasha Wren Adam Sticca Sam Mingoia Léa Suazo Bitpanda Rohlik Group UiPath Docplanner Rimac Technology Payhawk Infobip GoStudent GenePlanet Tricentis Department for Business and Trade Foreign, Commonwealth and Development Office British Embassy Vienna British Embassy in Bucharest British Embassy Zagreb British Embassy Prague British Embassy Sofia British Embassy Warsaw AtomQuantumLabs