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San Francisco Mayor Says City Wants AI Here
Bloomberg Technology· 2025-10-06 19:47
Economic Impact of AI in San Francisco - Open AI's presence contributes to San Francisco's economy, attracting thousands of attendees to events like Dev Day and drawing people to work in AI [1] - San Francisco is experiencing a resurgence, with restaurants opening and a growing energy, partly attributed to Open AI's significant contribution [3] - Visa data indicates a 10% increase in in-person spending in San Francisco from January to June 30th, based on credit card usage, surpassing other major cities in the country [4] San Francisco's AI Hub Status - San Francisco positions itself as the home of AI, hosting companies like Anthropic, Open AI, and Salesforce [4][5] - The city aims to foster conditions for businesses like Open AI and Anthropic to thrive, focusing on community engagement and support for local institutions [6] - San Francisco is working to improve safety and cleanliness to attract technology companies, addressing issues like crime and addiction [9] City Development and Infrastructure - San Francisco is experiencing a boom in its neighborhoods, with restaurants and bars opening at record numbers, and aims to replicate this in downtown [10] - Multiple towers are planned for San Francisco, including one taller than the Salesforce Tower, indicating renewed investment in the city [11] - High crime in San Francisco is reportedly down 30% this year and 40% in downtown, with car break-ins at 22-year lows [12]
The Global Race for AI Adoption
Bloomberg Technology· 2025-07-28 19:45
AI Race & Adoption - The US AI action plan aims to compete with China, focusing on both innovation and adoption of AI [1] - Winning the AI race depends on which countries can best utilize AI for economic benefit [2] - The US has an advantage in AI adoption, but the race is still open [3] - AI adoption requires focus on talent, infrastructure, data, and governance frameworks [5][6] US AI Exportation - The US aims to be a net exporter of AI technology, including hardware and software [7] - AI adoption relies on cutting-edge cloud services and software, much of which originates in the US [9] Copyright & Training Data - Access to training data is crucial for the US to stay ahead in the AI race [11][12] - The US government acknowledges the importance of training data for AI development [11] EU Competitiveness - The EU has significant potential to benefit from AI if it focuses on adoption [13] - Addressing digital sovereignty barriers and streamlining regulations are important for the EU to effectively adopt and use AI [13][14]