Good morning. New York has overtaken the San Francisco Bay Area as North America\u2019s largest tech-talent workforce by headcount, and Wall Street\u2019s growing demand for AI talent is helping reshape the market\u2014though San Francisco isn\u2019t ceding its crown entirely.<\/p>\n
The finding comes from CBRE\u2019s \u201cScoring Tech Talent 2026<\/a>\u201d report. New York Metro\u2019s tech-talent workforce grew by 30,640 to 394,300 between 2022 and 2025, while the San Francisco Bay Area\u2019s contracted by 23,900 to 375,730\u2014marking the first time New York has led by headcount in the report\u2019s 13-year history.<\/p>\n The shift reflects New York\u2019s more diversified tech economy. While 61% of San Francisco\u2019s tech talent works directly in high-tech companies, New York\u2019s tech workforce is spread more broadly across industries, including financial services.<\/p>\n Across the U.S. and Canada, the number of tech-talent workers with AI skills rose 45% year over year to 751,000 as of mid-2026. The San Francisco Bay Area still leads in raw AI-specialist numbers and has a higher concentration of AI job postings overall (26%, versus 17% in New York).<\/p>\n But when it comes to financial services specifically, New York and Dallas-Fort Worth tied for the highest concentration of AI-specialty talent among major markets, at 20% each, ahead of Toronto (19%) and Chicago (16%). Financial firms are increasingly competing with technology companies for workers who can put AI into production inside highly regulated businesses.<\/p>\n Jamie Dimon, CEO of JPMorgan Chase<\/a>, recently said the bank will likely hire more AI specialists. \u201cThere will be all different types of jobs, and I think we will be hiring more AI people and fewer bankers in certain categories,\u201d he said<\/a> in a Bloomberg Television interview. <\/p>\n JPMorgan\u2019s Data & AI organization<\/a>\u00a0includes teams working on LLM applications, fraud models, risk systems, personalization and automation.<\/p>\n Big banks\u2014including JPMorgan, Citi<\/a>, Wells Fargo<\/a>, and Bank of America\u2014are all investing heavily in AI to boost efficiency, and Bank of America<\/a> is already pointing to measurable returns.<\/p>\n I reported last month that during a media call following Bank of America\u2019s second-quarter earnings, CFO Alastair Borthwick said, \u201cNew AI capabilities<\/a> now allow more than 200,000 of our employees to work more effectively, and they\u2019ve helped contribute to producing a 59% efficiency ratio, a roughly 360 basis point improvement from last year.\u201d<\/p>\n Slower hiring and layoffs in the technology industry have also created opportunities for non-tech employers to build their tech-talent teams. CBRE found that financial services, insurance and real estate added 90,530 tech jobs since 2022, while the high-tech sector shed 21,262.<\/p>\n Although New York now leads in tech-talent headcount, San Francisco remains No. 1 in CBRE\u2019s broader tech talent ranking\u2014which incorporates 13 metrics including talent concentration, wages and AI strength, areas where the Bay Area\u2019s smaller, denser workforce still gives it an edge.<\/p>\n Sheryl\u00a0Estrada Leaderboard<\/p>\n Ken Rizvi was appointed SVP and CFO of Qnity Electronics, Inc.<\/a> (NYSE: Q), a provider of specialized materials for the semiconductor and electronics industries., effective Oct. 1. Michael Goss, who has been serving as interim CFO will assume the role of Qnity\u2019s VP of finance and controllership, at that time. Rizvi brings more than 25 years of financial experience. He most recently served as CFO of Synaptics. Before that, Rizvi served as CFO of Smart Global Holdings (now Penguin Solutions). His experience also includes CFO roles at UTAC Group in Singapore and Isola Group.\u00a0<\/p>\n Glen Braganza was appointed CFO of Versapay,<\/a> an accounts receivable platform. Braganza brings more than 20 years of financial leadership experience. He was previously with EasyPark Group (now Arrive) where he served as group CFO. Earlier in his career, Braganza served as the CFO for two venture-backed businesses: Clickatell and BitPay. He also has deep experience in traditional payments, spending 10 years as part of the senior leadership team at Worldpay, most recently as CFO of their U.S. business until 2019.<\/p>\n Big Deal<\/p>\n For the first time, a majority of Americans under 30 (55%) say they’re more concerned than excited about AI’s growing role in daily life, according to a new Pew Research Center survey<\/a>. That’s a striking reversal: this age group was once the most bullish on AI, but their unease has climbed steadily since 2021 and now matches\u2014or exceeds\u2014concern levels among adults in their 30s, 40s, and even those 65-plus. Only about one-in-ten young adults say they’re more excited than concerned, while roughly a third feel equally split.\u00a0<\/p>\n For finance leaders navigating workforce AI adoption, the timing is notable: the same survey found 73% of under-30 adults now believe AI will lead to fewer jobs over the next 20 years, up sharply from 61% just two years ago. That puts Gen Z’s job-loss anxiety on par with workers twice their age, which is a signal CFOs may want to factor into how they communicate AI-driven restructuring or upskilling initiatives to younger staff.<\/p>\n Going deeper<\/p>\n Sherry House, CFO of Ford Motor Company, recently swapped her usual Friday agenda and joined the automaker’s finance team for a volunteer shift at Forgotten Harvest. This was part of Ford Finance\u2019s fourth annual Global Day of Service. In a company feature<\/a>, House opens up about how the outing reflects a bigger philosophy: that hands-on community service builds stronger, more connected teams back at headquarters.<\/p>\n “This year, Ford finance employees took part in 55 volunteer events in 14 countries,” House writes. “In total, 2,250 employees\u2014about 60% of the organization\u2014rolled up their sleeves to participate.<\/p>\n Overheard<\/p>\n “The question for the American C-suite, boardrooms, and Washington is the same one. When the next generation of global software is built, whose models will it be built on?”<\/p>\n
Sheryl.Estrada@fortune.com<\/a><\/p>\n