Britain does not have the same culture of \u201centrepreneurial drive\u201d as the US, Business Secretary Peter Kyle has said.<\/p>\n
Mr Kyle told investors that students in the UK lack the same \u201cdrive\u201d and \u201cvigour\u201d of those in the States during an event in central London hosted by US AI giant Nvidia on Thursday.<\/p>\n
He was there to mark the firm\u2019s \u00a32 billion investment in the UK\u2019s AI sector which was announced earlier in the day.<\/p>\n
Mr Kyle spoke on stage alongside Nvidia founder Jensen Huang and US commerce secretary Howard Lutnick.<\/p>\n
He said: \u201cI went to Stanford (University) a couple of years back and spoke to some undergraduates there.<\/p>\n
Howard Lutnick, Rachel Reeves and Peter Kyle attended an event in London (Jordan Pettitt\/PA) <\/p>\n
\u201cI asked them why they chose to go to university.<\/p>\n
\u201cEvery single student in that group of 10 or 12 said because they want to set a company up \u2013 there wasn\u2019t one that said they didn\u2019t.<\/p>\n
\u201cIn Britain, if you went to a group of undergraduates, how big would that group have to be before you found someone that said their choice of going to university, and that choice of going to that specific university, was because they wanted to become a founder?<\/p>\n
\u201cThe entrepreneurialism simply isn\u2019t there \u2013 the drive, the vigour.\u201d<\/p>\n
Mr Lutnick contrasted cultural attitudes to success, adding: \u201cIn America we celebrate the entrepreneur, we celebrate success.<\/p>\n
\u201cEurope has historically looked down on that \u2013 your participation in Europe all those years sort of convinced you to look down on it.<\/p>\n
\u201cTo build and to win and to create a trillion-dollar company you need to celebrate the building of success.<\/p>\n
\u201cYou need to have a cultural change that says we want you to win \u2013 in America we have it in our soul.<\/p>\n
\u201cOne of the reasons for the visit is for you to look at Donald Trump and get from him his love for Britain, and his advice would be follow the lead of America\u2026 your greatest friend.\u201d<\/p>\n
Mr Lutnick also warned that nations without the capacity to build advanced technology, such as drones, risk becoming \u201cvassal states\u201d dependent on others for their defence.<\/p>\n
But he insisted Americans would \u201ctake care\u201d of the UK because of their relationship.<\/p>\n
He said: \u201cThere\u2019s an analysis that says if you can\u2019t make drones you will be a vassal state to those who can.<\/p>\n
\u201cYou can\u2019t have drones come into your country and expect to defend yourself unless you have the capacity to defend yourself.<\/p>\n
\u201cOne of the needs is to build sufficiently at home so we have the capacity to care for ourselves and the rest of the world.<\/p>\n
\u201cWe will take care of ourselves and, because of our special relationship, we will take care of the United Kingdom because of those things.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Britain does not have the same culture of \u201centrepreneurial drive\u201d as the US, Business Secretary Peter Kyle has…\n","protected":false},"author":2,"featured_media":434562,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,4],"tags":[748,393,147525,4884,14009,40614,1144,3359,60394,712,16,15,1764],"class_list":{"0":"post-434561","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-uk","8":"category-united-kingdom","9":"tag-britain","10":"tag-england","11":"tag-entrepreneurial-drive","12":"tag-great-britain","13":"tag-howard-lutnick","14":"tag-jensen-huang","15":"tag-northern-ireland","16":"tag-nvidia","17":"tag-peter-kyle","18":"tag-scotland","19":"tag-uk","20":"tag-united-kingdom","21":"tag-wales"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115227533216001898","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/434561","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=434561"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/434561\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/434562"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=434561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=434561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=434561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}