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California’s Economy Grows More Dependent on AI 

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California’s Economy Grows More Dependent on AI 
Google headquarters in Mountain View, Calif., on July 31, 2025. John Fredricks/The Epoch Times
Marc Joffe
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Commentary

While California’s economy continues to produce some impressive headline numbers, its trajectory is becoming increasingly dependent on the tech sector. And now that tech has gone all in on artificial intelligence, the state’s finances are vulnerable to either a bursting of the “AI Bubble” or an exit of AI innovators to other states.

Marc Joffe
Marc Joffe
Author
Marc Joffe is a fellow at California Policy Center. He has previously covered California High-Speed Rail for Reason Foundation and the Cato Institute, where he was a federalism and state policy analyst. After a long career in the financial industry, including a senior director role at Moody’s Analytics, he transitioned to policy research, having worked until recently at Reason Foundation. Joffe’s research focuses on government finance and state policy issues.
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