San Francisco, AI capital of the world, is an economic laggard
- 2 hours ago
- 1 min read
THE ECONOMIST — Though San Francisco is not the hellscape portrayed on conservative talkshows, its economy is surprisingly weak. The flipside of the AI boom is the huge threat to the much larger, non-AI parts of the city’s tech industry. Software engineers worry that they are about to be out of a job.
Even before AI came along, tech firms were letting thousands of people go, having overhired during the pandemic.
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