tech
New York added 30,640 tech workers in 3 years, surpassing San Francisco as AI hiring surges
Good morning. New York has overtaken the San Francisco Bay Area as North America’s largest tech-talent workforce by headcount, and Wall Street’s growing demand for AI talent is helping reshape the market—though San Francisco isn’t ceding its crown entirely.
TL;DR
- New York's tech-talent workforce grew to 394,300, surpassing San Francisco's 375,730.
- New York's tech workforce is more diversified across industries, including financial services, unlike San Francisco's concentration in high-tech companies.
- The number of tech workers with AI skills across the U.S. and Canada increased by 45% to 751,000.
- San Francisco still leads in raw AI specialist numbers and the concentration of AI job postings.
- New York and Dallas-Fort Worth tied for the highest concentration of AI-specialty talent in financial services.
- Financial firms are significantly increasing AI hiring, with some CEOs predicting more AI specialists than bankers.
- Layoffs and slower hiring in the tech industry have created opportunities for non-tech employers to build tech teams.
- San Francisco remains No. 1 in CBRE's broader tech talent ranking, which includes metrics like wages and AI strength.
- A majority of Americans under 30 are now more concerned than excited about AI's growing role, with 73% believing AI will lead to fewer jobs.