Thanks to AI, San Francisco's Tech Companies Are Hiring Again

After months of painful job cuts, San Francisco's tech companies are hiring again — partly thanks to artificial intelligence.

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San Francisco and neighboring San Mateo County added 2,800 jobs in the tech sector in May, according to the city's latest employment update. The new hires mean the region has recovered 38% of jobs since a wave of industry cuts began in late 2022, said San Francisco's chief economist Ted Egan.

"The stock market, especially Big Tech, is doing very well this year and that tends to be a leading indicator for hiring, especially in San Francisco," Egan said. He expects the artificial intelligence sector accounted for much of the job growth given the "huge chunk of buzz" the industry is generating.

Will this tech industry growth translate into new office occupancies for the struggling San Francisco downtown district? Here's the prediction.

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Love, Loneliness and Loss

As the capabilities of generative AI increase, they are creating new ways for people to forge humanlike connections with machines. From virtual companions to robot therapists, some are finding that AI is getting close to the kind of emotional support, friendship and even sexual gratification they'd find in a person. But while the yearning for love and companionship is very human, the AI chatbots filling that void are very much not.

On this episode of AI IRL, Bloomberg's Nate Lanxon and Jackie Davalos discuss AI companionship with:

• Eugenia Kuyda, founder of Replika
• Ellen Huet, Bloomberg reporter

We want to hear from you: What do you think is the future of AI-infused relationships? Tell us in the comments below.

AI Stories Not to Miss

• Elon Musk reaffirmed his vision of a robot-fueled future, calling for more regulatory oversight of AI at a high-profile Chinese government-backed conference last week.
• Albert Einstein died in 1955, but the physicist is still a prolific conversationalist. As a chatbot on Character.AI, Einstein has responded to 1.6 million messages. Here’s how two AI luminaries created tech's weirdest hit app.
• US military experiments with large-language models are "highly successful." But this US Air Force colonel says it's still not ready for prime time.

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