San Francisco has been economically detached from the rest of America since the internet boom of the mid-1990s. As everything from housing rents to per capita growth rates far higher than the US national average show, the Bay Area exists in its own orbit.
I couldn’t help but think of this when I flew into San Francisco a couple of weeks ago. Artificial intelligence, rather than consumer web pages, drives the exuberance today. But the vibe is the same as it was 30 years ago – there is one story, and everyone is buying it.
Loading…
Financial Times