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

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Global tech entrepreneurs and investors are touting the U.K. as a place to invest in when it comes to artificial intelligence. But it faces competition.

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.

The 40,000-square-foot space, located in London's Blue Fin Building skyscraper, kicked off its opening ceremony with an event hosting over 100 developers. London Tech Week, which was attended by 45,000 people in total across the main event and a number of fringe events, had less buzz than Viva Tech. "There are bigger barriers to people coming in and working in the U.K., because of Brexit," Sanjot Malhi, a partner at venture capital fund Northzone, told CNBC's"Beyond the Valley" podcast earlier this month.

Many tech execs CNBC spoke to say they want more tech-friendly rules in future. One big ask is boosting IPOs and the U.K. stock market.

 

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