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Nick Clegg

πŸ‘€ Speaker
276 total appearances

Appearances Over Time

Podcast Appearances

The Rest Is Money
285. Can Europe escape American tech dependency?

I mean, listen, by the way, I get the political instinct.

The Rest Is Money
285. Can Europe escape American tech dependency?

And you want to be able to sit around the cap table and sit around.

The Rest Is Money
285. Can Europe escape American tech dependency?

But can I just say, you mentioned something earlier, which is something which I'm still wrestling with.

The Rest Is Money
285. Can Europe escape American tech dependency?

You mentioned DeepMind and Arm.

The Rest Is Money
285. Can Europe escape American tech dependency?

So these are two amazing British companies.

The Rest Is Money
285. Can Europe escape American tech dependency?

Demis' company and the company out of Cambridge, of course, basically helped invent the smartphone revolution.

The Rest Is Money
285. Can Europe escape American tech dependency?

And you say, well, but on the other hand, maybe that's, you know, like ARM is still domiciled here.

The Rest Is Money
285. Can Europe escape American tech dependency?

Its IP is still here.

The Rest Is Money
285. Can Europe escape American tech dependency?

Sure, its market is elsewhere, where it receives capital is elsewhere.

The Rest Is Money
285. Can Europe escape American tech dependency?

But that's because America's a lot bigger than us and is always going to be.

The Rest Is Money
285. Can Europe escape American tech dependency?

Demis Hassabis.

The Rest Is Money
285. Can Europe escape American tech dependency?

much to his credit, is still here.

The Rest Is Money
285. Can Europe escape American tech dependency?

He sold to Google because he couldn't find anyone to give him the compute capacity.

The Rest Is Money
285. Can Europe escape American tech dependency?

And the reason I say that is not to rehearse all the arguments around that, but we shouldn't only conceive of sovereignty as either you stay only in the UK or you're no longer sovereign.

The Rest Is Money
285. Can Europe escape American tech dependency?

If you want world-beating companies, we're going to have to accept that we're going to be sharing them with the world.

The Rest Is Money
285. Can Europe escape American tech dependency?

Yeah.

The Rest Is Money
285. Can Europe escape American tech dependency?

As they are created.

The Rest Is Money
285. Can Europe escape American tech dependency?

Well, I think I think to be fair, though, that's maybe why they put some money into exactly what I mean, that would be the argument in favor.

The Rest Is Money
285. Can Europe escape American tech dependency?

Look, I'm totally open to that.

The Rest Is Money
285. Can Europe escape American tech dependency?

I probably maybe because I spent 20 years in politics.