California's Diminishing Leverage Over the AI Industry #shorts #futureofwork #ainews #ai

Added: 2026-05-27

[00:00:00]Now, if California responds to AI-driven disruption by imposing new equity requirements and new layoff taxes, new employer mandates on AI companies, the first thing that these companies, I think, are going to do is to move.

[00:00:15]They're going to get out. They're going to move their headquarters. They're going to go to places like Austin.

[00:00:19]They're going to go to Miami. They're going to go to Nashville. And these are states that are not subtle about trying to recruit these AI companies and businesses. They will get out. Why would they stay? So, the political and economic leverage that Newsom has over these companies is considerably less than his press release actually suggests. So, again, something to think about here because the tax revenue that we get from these companies makes a big difference. We already saw Sergey Brin.

[00:00:43]We saw a lot of wealthy billionaires leave the state, losing a lot of tax revenue. So, you know, it's it's a big mess. Let's just leave it at that.