Amid Layoffs in Other Tech Sectors, Bay Area Artificial Intelligence 'Gold Rush' Expands (San Francisco: houses)

[18Montclair]

The robots are coming...

...And in no other place is AI taking off as fast as it is in San Francisco.

Specifically, AI-based generative technologies are booming in the Bay Area investing scene, largely driven by the growing popularity of image generators like DALL-E and language models like ChatGPT. New data from NFX shows that San Francisco is now the financial powerhouse of the AI startup craze.

Even Bill Gates is buying into the AI hype, calling it “the big one” earlier this year. But the rapid pace at which AI technology is advancing means that it has the potential to transform not only the tech industry, but also the fabric of SF life...

Funds Raised by AI Startups in Major Metropolitan Areas
San Francisco Bay Area---$6,753,140,000
New York City, New York--$1,086,200,000
London/United Kingdom---$499,860,000
Tel Aviv, Israel--------------$388,080,000
Seattle, Washington--------$228,340,000
Austin, Texas----------------$184,740,000
Boston, Massachusetts-------$86,820,000
Berlin, Germany--------------$75,620,000

San Francisco-based companies account for over 50% of all funds raised for AI products.Money Raised by Global AI and Machine Learning Companies. San Francisco-based companies account for over 50% of all funds raised for AI products

https://sfstandard.com/business/san-...-it-for-years/

[18Montclair]

The epicenter of this latest boom appears to be Hayes Valley, one of the trendiest neighborhoods in the city, so omnipresent are AI workers there now that it's been dubbed 'Cerebral Valley'.

What Is ‘Cerebral Valley’? San Francisco’s Nerdiest New Neighborhood
Written by Liz Lindqwister
Published Jan. 13, 2023 • 6:00am

The techies are at it again—only this time, they’re not looking for kombucha on tap or Patagonia vests, but all-inclusive “hacker houses” in Hayes Valley.

Artificial intelligence workers are now forming co-living and coworking communities, where like-minded founders and developers can eat, sleep and breathe their work. These communities are often operated out of historic Victorians near Alamo Square, just a stone’s throw from Souvla and a Cotopaxi outlet.

The hacker house craze has grown quickly in recent months, so much so that some in the industry are now calling the neighborhood around them “Cerebral Valley.” (For the record, we at The Standard think the techies missed a big opportunity in renaming it “HAIyes Valley)....

https://sfstandard.com/technology/wh...-neighborhood/

I wonder how this will play out in the long run, we shall see...

[stablegenius]

Originally Posted by 18Montclair

The robots are coming...



Funds Raised by AI Startups in Major Metropolitan Areas
San Francisco Bay Area---$6,753,140,000
New York City, New York--$1,086,200,000
London/United Kingdom---$499,860,000
Tel Aviv, Israel--------------$388,080,000
Seattle, Washington--------$228,340,000
Austin, Texas----------------$184,740,000
Boston, Massachusetts-------$86,820,000
Berlin, Germany--------------$75,620,000

San Francisco-based companies account for over 50% of all funds raised for AI products.Money Raised by Global AI and Machine Learning Companies. San Francisco-based companies account for over 50% of all funds raised for AI products

https://sfstandard.com/business/san-...-it-for-years/

Oh good here comes the next bubble or thing that people invest in only to have someone like SBF steal all their money.