Silicon Valley
fromMission Local
1 week agoAI boom is city's weirdest tech boom, says S.F.'s chief economist
The AI boom in San Francisco significantly differs from previous tech booms, impacting jobs and office space occupancy.
"The United States imports a lot of electronics from Asia and that industry is getting nailed with very high tariffs. So the customers are going to start looking at U.S. made alternatives that don't have to pay the tariff," San Francisco's Chief Economist Ted Egan said, adding that California is well positioned to capitalize off this new demand because it has the largest electronics manufacturing capacity in the country.
The Chronicle, which helped to sensationalize the "doom loop" narrative about San Francisco four years ago, now has a headline about the beginnings of a "boom loop." The article goes on to talk about the fact that the AI boom and rising rents still doesn't mean developers are rushing to build new housing yet. [Chronicle] The California Commission on Judicial Performance has admonished a Los Angeles County judge, Judge Enrique Monguia, for threatening to shoot defendants and attorneys, or to have them