Sportscar maker Porsche is opening a digital technology center with 100 staff in Silicon Valley to forge new partnerships, cooperate with venture-capital companies and invest in new companies, it said on Friday.
This is a very interesting move for Porsche. They aren’t waiting to license technology in a few years when it matures, they are getting in on the ground floor where it’s being developed in Silicon Valley.
To anybody who thinks Silicon Valley has become overly saturated with capital, this is Porsche betting against you.
Interesting to me also that it’s “Porsche,” not “the VW Group.” Will whatever they gain from this flow upstream, or is Porsche so independent as to be doing this on its own?
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