“flourish artificial intelligence The Bay Area has brought back the strength it lost during Covid.”
He who expresses himself like that is Doug Fulop The paper quoted the 34-year-old tech entrepreneur New York times. His words are collected in a report on how startups are exploding Generative artificial intelligence (AI) Back to San Francisco and its metropolitan area The prominent role the city has traditionally played as a unit of the technological vanguard and home to the most important companies in the sector.
The new vitality of the area gives rise to the so-called Cerebral Velley, along with Silicon Valley
This privileged status is starting to lose its luster as a result of the Covid pandemic and the restrictions it has brought with it, but now as a result of a new vitality Along with Silicon Valley, the so-called cerebral valley is emerging.
Confinement put before the eyes of many the attractive possibilities of remote work, and many employees of large corporations and entrepreneurs who worked and worked in San Francisco decided to move toPlaces where housing is cheaper, the tax burden is lower, and daily life is safer.
At the same time, some companies such as Oracle, Tesla or Palantir They decided to locate their headquarters in cities like Austinin the case of the first two, Seattle also Denver. San Francisco’s attraction has not improved in recent years becauseThe bad economic situation of some major technology companieswhich forced them to conduct mass layoffs and vacate a lot of office space.
exciting action
Now, however, the AI boom is bringing the entrepreneurial excitement of yesteryear back to town, bringing back entrepreneurs like Doug Fulop and his partner Jessie Fisher, who relocated from San Francisco to a sleepy town in OregonThey plan to return to the city by way of the bay. They have separate projects related to generative AI and want to be in the thick of it where plans are made, where knowledge flows and is shared, and where potential co-founders are.
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The new vitality brought by artificial intelligence to the San Francisco area is also reflected in the interest of investors. According to information from New York timeswhich cites sources from specialized consulting Pitch bookIn the first three months of this year, it was used to fund startups related to generative artificial intelligence a total of $10.7 billion, Thirteen times more than the amount invested in similar companies in the same period of 2022.
One of the factors favoring the explosion of initiatives in this area is that much of the generative AI technology is open source.
One of the factors favoring the explosion of business initiatives in this area is that a lot of generative AI technologies are open source, and not only easy to access, but also Promotes a sense of community.
many calls pirate house (the locals where the rookie content creators are) who are now growing up in the San Francisco area of the Wadi Hayswho began to be called Brain Valley. There, you say New York times, Every night there is a hackathon, meeting or demonstration related to the latest technology.
Highly requested events
The newspaper cites as an example the interest aroused by these events that took place last March. Clement Delange, CEO of startup Hugging Face, He hastily called via Twitter an event to be held at the Exploratorium. More than 5,000 people attended and the meeting was called a Woodstock for artificial intelligence. a reference to the legendary music festival of the 60s.
As quoted by the newspaper Jennifer Yip Founder of an artificial intelligence conference company called You should know the founders. Its heroes are managers of companies specializing in artificial intelligence and the general public, and engineers who are interested in what is new. Yip comments in the paper that the last event he organized had 2,000 requests for assistance for 120 available spots.
The artificial intelligence boom It’s not just that companies, entrepreneurs, and professionals related to this technology are attracted to San Francisco. According to T.I have the New York Timesthe rejuvenating vitality of the area, reasonable office rent prices due to oversupply, andThey’re encouraging other types of tech companies to come back to town Thus studying, in addition, how the artificial intelligence requests to improve or expand its activity
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