The legends of Silicon Valley are well known. HP, born in a garage. Steve Jobs, the domineering icon who reshaped industries. Mark Zuckerberg, whose social media platform engages 2.8 billion monthly active users around the world. Their successes, and many others’, fed back into the myth of Silicon Valley, boosting its reputation as the place to be if you had a smart idea and wanted to make it in tech.
Silicon Valley remains the world’s predominant technology hub. The scale of its economic power is unprecedented in the history of global technology, or any industry for that matter. But its grip on superiority has been steadily slipping.