Good morning. The Big Apple has a new claim to fame. According to a recent report, New York City has overtaken Silicon Valley to become North America’s top market for tech jobs. The report, by commercial real estate firm CBRE, found that the New York metro area had 394,000 techies at the end of last year, while the San Francisco Bay area’s total dipped to roughly 375,000.
The reason: Wall Street’s voracious appetite for AI talent combined with a slow, but continual drip of layoffs at many of Silicon Valley’s Big Tech firms. But CBRE notes that the Bay Area still ranks No.1 for its overall “Tech Talent” ranking which includes things like wages and AI strength. And we still have better burritos in San Francisco!
Today’s tech news below. —Alexei Oreskovic
Want to send thoughts or suggestions to Fortune Tech? Drop a line here.
This story was originally featured on Fortune.com
