Has Silicon Valley lost its monopoly over global tech?
The heartland of the technology industry looks the same yet feels different. As COVID-19 restrictions lift across America and employees flock back to their offices, it's clear to see that Silicon Valley has changed. Job-hopping has become even more rampant, everyone seems obsessed with decentralised "web3", and startups can now raise millions in days rather than weeks. It's easy to blame the pandemic, but it's more complicated than that. With venture investments across the Atlantic now on par with the Bay Area, The Economist examines whether Silicon Valley has lost its "geographical monopoly" in tech or whether it's heading for another boom.
From The Economist