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Business Journals
9 hours ago
- Business
- Business Journals
From idea to impact: How Yes SF continues to spur a new wave of innovation in San Francisco
When Deloitte collaborated with the World Economic Forum, Salesforce, Citi, and the San Francisco Chamber of Commerce to launch the Yes SF initiative in 2023, it was a bit of an experiment in and of itself. The goal? To help revitalize downtown San Francisco by elevating and supporting the growth of leading innovations in urban sustainability and cultivate an ecosystem of organizations to deploy those solutions locally, while supporting innovators through the revitalization jump-starting a local network of start-ups that could spur economic growth and diversify the economy in a way that is better for people and the planet. Just over two years later, the experiment is producing results. Yes SF is spurring a movement The program began as an innovation challenge calling for solutions to many of San Francisco's sustainability and revitalization goals. Fourteen companies — 'Top Innovators' — were chosen from 150 applicants. Since the program's inception, more than $60 million has been invested in San Francisco and many of these Top Innovators, and the momentum continues to build. For example, Butlr, which creates thermal, privacy-first sensors, is now deployed in the Salesforce Tower. it's electric recently launched a new wave of curbside EV charging stations in the city. And BluumBio, Flower Turbines, Urban Machine, Zauben, and more are expanding their presence with local hires and new deployments that are helping to spur San Francisco's economy. Meet the second cohort: Where sustainability meets AI In April, Yes SF announced its second cohort of Top Innovators. The new cohort is centered at the intersection of sustainability and AI. Top Innovators are harnessing data and cutting-edge technology to tackle daunting challenges such as resource management (including energy generation and efficiency and biodegradable packaging) as well as transportation and mobility (including microgrids and autonomous last-mile delivery solutions). The program intentionally choses startups that are early stage but ready to deploy. And, with the broad support Yes SF provides, these founders can build here and help advance the city's collective journey toward urban transformation and sustainability. What companies are getting — and giving back One of the most powerful roles Yes SF plays is convening and connecting San Francisco's innovation ecosystem. When the program began, I don't think any of us anticipated just how deeply the community would lean in. Today, nearly 60 organizations have joined the program, including large corporations and community institutions offering everything from research and development space to marketing support and mentorship. Thanks to the San Francisco Chamber of Commerce, Top Innovators can participate in information sessions related to doing business in San Francisco, get help navigating the permitting process, and receive support to build and scale their solutions. They also get visibility at events like Dreamforce, San Francisco Climate Week, and even the World Economic Forum Annual Meeting in Davos. That combination of practical support and high-level visibility helps make this initiative quite powerful. Why I'm more hopeful than ever I've spent my career working across the private, public, and social sectors — and I've always believed in the power of collaboration. Yes SF has become a shining example of what's possible when you bring various players to the table. I remain confident in San Francisco's future. I see the energy downtown. I see the collaboration across sectors. And I see a new kind of innovation taking root — one that is local, sustainable, and visionary. San Francisco's next wave of innovators is here and they are just getting started. This publication contains general information only and Deloitte is not, by means of this publication, rendering accounting, business, financial, investment, legal, tax, or other professional advice or services. This publication is not a substitute for such professional advice or services, nor should it be used as a basis for any decision or action that may affect your business. Before making any decision or taking any action that may affect your business, you should consult a qualified professional advisor. Deloitte shall not be responsible for any loss sustained by any person who relies on this publication. About Deloitte Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ('DTTL'), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as 'Deloitte Global') does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the 'Deloitte' name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see
Yahoo
28-05-2025
- Business
- Yahoo
Salesforce (CRM)'s AI Push Won't Show Up Yet – Here's Why Goldman Still Says Buy
We recently published a list of . In this article, we are going to take a look at where Salesforce, Inc. (NYSE:CRM) stands against other AI stocks that are on analyst's radar today. On May 27, Goldman Sachs analyst Kash Rangan reiterated a 'Buy' rating on Salesforce, Inc. (NYSE:CRM) with a $340.00 price target. Salesforce is a cloud-based CRM company that has gained popularity after it unveiled its AI-powered platform called Agentforce. Despite its popularity, Rangan believes that Agentforce's revenue contribution isn't likely to be very material heading into earnings. Artificial intelligence is going to be a key topic of conversation, but significant updates on revenue contribution for Salesforce may not be until the Dreamforce event on October 14, 2025. The company is anticipated to report a 7% increase in revenue, a 10% rise in current remaining performance obligations (cRPO), a non-GAAP operating margin (OpM) of 33%, and a non-GAAP earnings per share (EPS) of $2.56. The firm believes that Salesforce will maintain net new revenue levels comparable to fiscal year 2024. A customer service team in an office setting using the company's Customer 360 platform to communicate with customers. Moreover, even though there are certain challenges such as the Department of Justice's oversight, small and medium-sized business execution, and transitions in the CFO/COO roles, stable software spending trends and the company's strategic long-term investments will likely help Salesforce increase its market share. 'We reiterate our Buy rating and $340 price target on Salesforce ahead of F1Q26 earnings (5/28). While artificial intelligence likely remains a focal point, we don't anticipate material updates on Agentforce's revenue contribution until Dreamforce (10/14). In the meantime, we look toward other strength points from Data Cloud and AI (>$900 million annual recurring revenue). Heading into earnings, we expect revenue +7%, current remaining performance obligations +10%, non-GAAP operating margin of 33%, and non-GAAP EPS of $2.56. We feel comfortable with these and for Salesforce to exit FY26 at similar net new revenue levels as FY24, where overhangs from an elevated investment period can be comparable to FY26's perceived risks. We believe current guidance (+7–8% growth) and stock performance year-to-date (−17% vs. Nasdaq flat) has adequately accounted for: 1) Incremental pressure to Public Sector ($5.7 billion ARR in F4Q25) associated with DOGE, 2) Small/Medium Business and Create-and-Close execution, 3) CFO/COO transition. With broader software citing largely stable spending trends, we see Salesforce well-positioned to capture greater wallet share with the maturation of strategic long-term investments, coupled with emerging product momentum that could compound and support revenue re-acceleration. We further note F1Q cRPO growth is typically not a material forward indicator and see limited upside to Street expectations (10% YoY constant currency), whereas F2Q cRPO guidance will likely be a focal point. Despite modest incremental FX tailwind, we don't expect an upward revision to FY26 revenue. We continue to see Salesforce capable of delivering durable growth, 35%+ operating margin, and achieving $17–18 free cash flow per share in FY27, offering a compelling risk/reward at 17x EV/CY26 free cash flow (vs. peers' ~28x).' Overall, CRM ranks 3rd on our list of AI stocks that are on analyst's radar today. While we acknowledge the potential of CRM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CRM and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
San Francisco Chronicle
28-04-2025
- Automotive
- San Francisco Chronicle
‘If you're a fascist, get a Tesla': Neil Young targets Elon Musk in new song
Neil Young debuted a politically charged new song at a benefit concert in Los Angeles over the weekend to deliver pointed criticism of President Donald Trump, Elon Musk and his electric vehicle company Tesla. The track, believed by fans to be titled ' Let's Roll Again,' opens with a rallying cry to American automakers: 'Come on Ford, come on GM/ Come on Chrysler, let's roll again.' Young goes on to champion a return to responsible manufacturing while acknowledging China's lead in clean vehicle production. 'China's way ahead, they're making clean cars,' he sang during the performance for Autism Speaks' Light Up the Blues concert at the Greek Theatre on Saturday, April 26. Following a harmonica break, Young delivered his most biting lyric: 'If you're a fascist, get a Tesla/ It's electric, it doesn't matter.' The song ends with a final jab: 'If you're a democrat, taste your freedom/ Get whatever you want, taste your freedom.' Young, who for years lived on a ranch in Woodside (San Mateo County), has long been an advocate for sustainable automotive technology. In 2008, he launched Linc Volt Technology to promote retrofitting gas-powered vehicles with clean energy alternatives. That same year, he unveiled a 1959 Lincoln Continental converted to run on electric batteries and a biodiesel generator at San Francisco's Dreamforce conference. The musician later adapted a Mercedes-Benz and a Hummer to run on used vegetable oil. Young's five-song set also featured a rare performance of the 18-minute B-side 'Ordinary People,' not played live since 1989, and concluded with 'Rockin' in the Free World ' alongside longtime collaborator Stephen Stills. The performance comes ahead of a busy summer for Young, who is set to headline the Glastonbury Festival and launch a European and North American tour. The 'Harvest Moon' singer, who currently holds dual Canadian-American citizenship and previously described Trump as 'a disgrace to my country,' has voiced concerns about returning to the U.S. in the current political climate. 'When I go to play music in Europe, if I talk about Donald J. Trump, I may be one of those returning to America who is barred or put in jail to sleep on a cement floor with an aluminium blanket,' he wrote on his website last month. 'That's right folks, if you say anything bad about Trump or his administration, you may be barred from re-entering USA.' After his international tour, Young is scheduled to bring his 'Love Earth' tour to Mountain View's Shoreline Amphitheatre on Sept. 12. In the meantime, he and his wife, actress Darryl Hannah, are promoting 'Coastal,' a new black-and-white concert film documenting Young's solo performances in Southern California.
Yahoo
21-03-2025
- Business
- Yahoo
How many people are expected to visit San Francisco in 2025?
(KRON) — The San Francisco Travel Association released on Thursday an updated 2025 tourism forecast for the City by the Bay. San Francisco speed cameras launch Thursday According to San Francisco Travel, 23.33 million visitors are expected to descend upon San Francisco this year — a slight year-to-year uptick compared to the 23.06 million who trekked to SF in 2024. San Francisco Travel acts as the official marketing organization for the City and County of San Francisco. The company said meetings and business travel are projected to see a spike this year whereas not so much for leisure travel 'due to the strength of the U.S. dollar and geopolitical issues.' SF Travel said major events like NBA All-Star Game weekend in February, Game Developers Conference in March, Recreational Software Advisory Council in May (RSAC) and Dreamforce in October will headline the Moscone Center's convention space calendar in 2025. There is a 'renaissance' in San Francisco, NBA commissioner says 'Tourism plays a critical role in San Francisco's comeback story, and as mayor, my job is to create the conditions for people to want to come back to our city,' said Mayor Daniel Lurie in a news statement. 'By delivering safe and clean streets, streamlining permitting processes to open new businesses, and holding ourselves accountable, our administration will restore San Francisco as the greatest city in the world.' Tourism generated $604.6 million in tax revenue and supported almost 62,000 jobs in San Francisco, according to the marketing organization. SF Travel highlighted that San Francisco International Airport (SFO) served more than 52 million passengers in 2024, thanks in part to SFO adding several new routes and airline carriers. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
