The Washington PostThe Washington Post

AI is coming for jobs, but it might be San Francisco's best hope

By Trisha Thadani

16 Jun 2023 · 4 min read

informed Summary

  1. Venture capitalists have invested nearly $2 billion in San Francisco-based AI start-ups in 2021, potentially leading to another tech boom for the city.

SAN FRANCISCO - In a city that has struggled more than most to rebound from the pandemic, the artificial intelligence gold rush is giving leaders here a rare sense of optimism.

Venture capitalists have funneled nearly $2 billion in San Francisco-based AI start-ups this year alone, a frenzy of activity that market researchers say could help usher in another tech boom for the beleaguered city, salvage its reputation as the epicenter of innovation - and finally get more people back to the office.

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