After a year of being hit hard by bad economic news, San Francisco is starting to come back to life, thanks to major conventions, sporting events, and hot startups all flocking to the city.
“So to all our shoppers, and especially to all the tourists visiting San Francisco, we’re asking for some rain!” Mayor London Breed said.
Money, big events, and startups are raining down on the city.
It begins with Dreamforce returning next year after Salesforce CEO Marc Benioff reversed his threat to relocate and decided to stay.
“Well, my reaction to Dreamforce coming back is, where else are they going to go?” “This is their home. It’s been in San Francisco since Dreamforce was founded. So San Francisco. I’m not going to let Mark take a night off without promising to go to.”
Has San Francisco hit rock bottom? If so, the city is currently experiencing a major resurgence thanks to major conventions, sporting events, and hot startups. NBC Bay Area’s Raj Mathai asked business and technology reporter Scott Budman for some insight.
Also scheduled is the 2025 NBA All-Star Game, and the 2026 Super Bowl and Soccer World Cup in the Bay.
After a year of bad press, store closures and lingering concerns about homelessness, the Bay Area Host Committee is calling the IR a cornerstone of good feelings for the city.
“We want to make sure that the people who live here feel like they should be proud of what’s happening in their city,” said Jileen Janmohamed, CEO of the Bay Area Host Committee. he said.
and attract new business.
“It’s already connected to my calendar,” said OpenAI CEO Sam Altman.
The San Francisco-based company on Monday rolled out updates to its ChatGPT product, making it one of the world’s most valuable technology startups.
“Eventually, you’ll just ask the computer what you need and the computer will do all the tasks for you,” Altman said.
The economic collapse of this city is quite impressive.
Last year, Dreamforce brought about $90 million into San Francisco’s coffers, and the mayor said he expects the All-Star Game to bring in about $350 million for the city. And the last time the Super Bowl was held in the Bay Area, nearly $240 million was added.
Also, next week’s APEC alone is expected to bring in about $53 million in revenue for the city.