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California's AI boom boosts tax revenue, but job losses and unsustainable growth raise bubble concerns.
California's tax revenue is rising due to the AI boom, fueled by high-paying jobs at major firms like OpenAI, but experts warn the trend may not be sustainable.
Despite soaring company valuations, tech employment in the Bay Area declined and over 130,000 high-tech jobs were lost by early 2025, with AI cited as a driver of layoffs at companies like Salesforce.
While some see AI as a transformative shift similar to past tech booms, others highlight risks from inflated valuations, lack of startup differentiation, and strain on the power grid.
With state budgets reliant on tech income, concerns grow over whether the current surge is a lasting revolution or a speculative bubble.
El auge de la IA en California aumenta los ingresos fiscales, pero las pérdidas de empleos y el crecimiento insostenible generan preocupaciones sobre la burbuja.