Chucking Money At UK Tech: Cisco’s Billion Dollar Bombshell

Chuck Robbins, the excellently named new CEO of multinational tech titan Cisco, swashbuckled into Downing Street today promising to spend $1 billion on UK tech over four years.

Cisco have latched onto the government’s pet buzzphrase internet of things”, or as Cisco’s PR handlers are calling it the “internet of everything” and have promised to plough $150m into any IoT focused start-up that moves. The investment isn’t to be sniffed at, but we’re still a long way from the tens of billions of VC money that floods Silicon Valley each year…




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Quote of the Day

Matt Zarb-Cousin cracks a good ideological joke…

“Conservatives don’t like a ‘robot tax’ because it means they’d have a tax on their own leader – the Maybot.”

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