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AI powerhouses are betting on London’s future
['Mike Wiseman']
City AM
AI powerhouses are betting on London’s futureLONDON, ENGLAND - SEPTEMBER 26: Members of the public walk through the newly opened King's Cross Square on September 26, 2013 in London, England.
Companies make long-term commitments to physical space – leases, capital investment, headcount – long before that confidence shows up in the official data.
These are businesses taking space for people they haven’t hired yet, effectively betting on London before their recruitment plans, or revenue, has caught up.
And to keep these players in London in the long-term, we must have the collective confidence to back ourselves and proactively shape the infrastructure required for London to remain a global AI capital.
London’s real estate market is the strongest it has been in the past 15 years, and the major businesses I deal with are investing in space and talent in the capital to catalyse their growth.