DEV-TOOLSApril 28, 20261 min read4 views

San Francisco, AI capital of the world, is an economic laggard

Despite being the epicenter of the AI boom and home to trillion-dollar companies like OpenAI, San Francisco faces a surprising economic slowdown, creating a stark paradox in the tech world.

San Francisco, AI capital of the world, is an economic laggard

Artificial intelligence is booming. Its heartland is not

NOWHERE IN HISTORY has created so much wealth so quickly. San Francisco is home to OpenAI and Anthropic, the two leading artificial-intelligence labs together worth nearly $2trn. It hosts 91 other AI “unicorns”, private companies worth more than $1bn, collectively valued at a further $600bn. A dozen or so billionaires who made their money from AI live in the city. Competition for the cleverest computer-science clogs is fierce. Why, then, is the world’s AI central struggling?

Source: Hacker News

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