), the world in 2023 is witnessing a new gold rush to the wild west of AI.
The metaverse is another great example of markets jumping the shark on a nascent trend. Last year, investors scrambled for anything related to Web3, only to have their dreams of virtual economies rudely interrupted by developments in the real economy. Metaverse ambitions mostly flamed out as financial conditions tightened and the sector was rocked by high-profile crypto scandals.
Now, sparked by the promising capabilities of ChatGPT, artificial intelligence is the market's shiny new object. There's little doubt that artificial intelligence will be a game-changer in the coming years, and there will be plenty of winners in the space, but similar to recent crazes like last year's rush to the metaverse, investors at this point may still want to take the grandiose promises of AI with a large grain of salt.
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San Francisco’s ‘Cerebral Valley’ booms in ChatGPT and generative AIInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know. Forget SF since like most of Cal it lost population. Why not try other parts of the US and moved this to Seattle or Denver. In fact California is doing is bad it has higher white poverty than Arizona or Texas now. In fact La lost over 113,000 people and Silicon Valley about 17,000 people and San Fran about 4,000 people. Whynot moved to an area of the US where the population is not tanking as much. This is data from the California Finance Demographics. The state lost a whopping 400,000 people and is behind Texas and Arizona in white poverty rates. The population is aging more than Texas and Washington state in some metro areas.
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