Feb 26, 2023

AI Startups Boom In San Francisco Amid $100 Billion Google Mistake

Posted by in categories: economics, finance, robotics/AI

On stage in front of packed rooms, at lavish private venture capital dinners and over casual games of ping pong, San Francisco’s AI startup scene is blowing up. With tens of thousands of laid off software engineers with time to tinker, glistening empty buildings beckoning them to start something new, and billions of dollars in idle cash in need of investing, it’s no surprise that just weeks after viral AI companion ChatGPT made its jaw-dropping debut on Nov. 30, one of the smartest cities in the world would pick generative AI as the driver of its next economic boom.

San Francisco’s AI startup scene is blowing up thanks to the ChatGPT craze and backing from investors like Y Combinator, Bessemer, Coatue, Andreessen Horowitz, Tiger Global, Mark Benioff’s Time Ventures and Ashton Kutcher’s Sound Ventures. Meet the players who are shaking up the tech mecca.

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