David Cameron, British Prime Minister, is to announce a major plan to regenerate the East of London, to become a rival of the American Silicon Valley, by facilitating investment from tech companies. Major firms like Intel, British Telecom (BT), Cisco, Facebook and Google are to invest in this development project.
The UK’s Independent newspaper reports that: “Google will create an ‘innovation hub’ creative space for its researchers to work with developers and academics, while Facebook will create a permanent home for its programme bringing together talented developers and entrepreneurs and Intel will set up a new research laboratory.”
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