GE’s move to Boston could revive local tech business ambitions
Jeff Immelt candidly told Boston’s business and political elite yesterday about what GE hoped to get from the company’s move to Boston. He said GE moved to Boston for two reasons: to win the Internet of Things and rethink how companies work in this winner-take-all technology innovation economy.He also said he liked Boston because of the chip the tech community has on its shoulder; an obvious reference to the Silicon Valley’s domination of nearly every segment of technology. The Boston technology ecosystem, arguably the richest and most diverse R&D center in the world seems to have lost the DNA for growing big tech companies like the personal Internet, social or the sharing economy.To read this article in full or to leave a comment, please click here