Okay so, big news this week for anyone worried about the future of tech in the City, which is basically everyone who lives here now, right? Anthropic and OpenAI are officially going public.
This just dropped from City Hall today, Thursday, June 11, and it's a huge deal. Remember how everyone was wondering if these AI giants would actually commit to San Francisco long-term? Well, a public offering usually means they're digging in. The City has been trying to figure out how to keep these companies headquartered here, especially after some other tech giants decided the grass was greener elsewhere. What this means for San Francisco's tax base, job market, and even our already-bonkers housing prices is gonna be something to watch. It's not just about offices, it's about the whole ecosystem.
Also, on Wednesday, June 10, District 2 re-elected Stephen Sherrill. Apparently, the "anti-housing message wasn't enough to dislodge him." That's according to the City's own media release. District 2, up there in the Marina and Pacific Heights, is always a battleground for housing density, so Sherrill holding onto his seat suggests the incumbent power structure is still pretty solid. We’ll see if this emboldens the slow-growth folks or if the housing advocates find a new strategy.
That's the City, fam — fog, hills, and all.
Vivian Leung, MiTL Sports Desk, San Francisco.
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