TTR In The Press
Mexico Daily Post
April 2023
Is the next Silicon Valley in Mexico?
It is not unreasonable to think that the next Silicon Valley could be in Mexico, be it in Guadalajara, Querétaro or in the country’s capital.
More and more businessmen and companies are betting on Mexico to catapult industries that are the spearhead of global technological development. The media recently reported the arrival in Guadalajara of the artificial intelligence company of the Silicon Valley pioneer, Thomas Siebel, with a view to recruiting engineers and data scientists in a development center that is incorporated into the information technology sector, that is advancing by leaps and bounds in western Mexico.
The interesting thing about the news is that it is not an isolated case. Venture capital investment in Mexico is reaching extraordinary levels: in 2021, according to information from the Transactional Track Record, there was a 294% increase in this type of investment in startups compared to the previous year. This coincides with growth in industries such as fintech, artificial intelligence and information technology.
Source: Mexico Daily Post
