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Mayor- Elect Daniel Lurie speaks in St. Mary’s square a day after winning the Mayoral race in San Francisco on Friday, Nov. 8, 2024.

Gabrielle Lurie | San Francisco Chronicle | Hearst Newspapers | Getty Images

San Francisco’s Mayor-elect Daniel Lurie has begun tapping tech heavyweights and business leaders to help with his goal of overhauling the city’s image. His transition team includes OpenAI CEO Sam Altman and former Twitter CFO Ned Segal.

Lurie, a centrist Democrat and Levi Strauss heir, ousted incumbent London Breed in a closely-watched race and will step into the role in 2025. San Francisco-based companies need to invest in the city and commit to their communities, Lurie told CNBC in an interview. He named both Visa and Salesforce as models for this “two-way street.”

“I’ve had great conversations with Sam Altman,” Lurie said. “He wants to put down roots here in San Francisco. We want to lean into being the home of AI, which we are, and I will continue to invest in that.”

The city can’t have all its eggs in one basket and needs to expand into other business sectors as well, Lurie said.

“We will go recruit companies from all sectors to come back to San Francisco,” Lurie said. “Whether it’s healthcare, whether it’s technology [or] whether it’s arts and culture, we want to be the number-one spot for business again in this country.”

Lurie, who founded the homelessness nonprofit Tipping Point, has plans that include declaring a state of emergency over the fentanyl crisis on day one in office and a previously disclosed proposal to build 1,500 shelter beds within his first six months in office. A fully-staffed police department and 911 dispatch office will be necessary to help bring businesses and workers back to the city, Lurie said.

“We need to make sure we get our behavioral health crisis under control, which means we need to build more mental health and drug treatment beds,” Lurie said. “We have to get people off the streets. We have to do that compassionately, but we also have to send a message — and we are — to the country and to the world that San Francisco is no longer a place that you come to deal drugs or to do drugs or to sleep on our streets.”

Lurie added, “We didn’t get into this overnight, and it won’t be fixed overnight.”

San Francisco mayoral candidate Daniel Lurie on homelessness plan

Part of the solution he envisions will be bringing workers back to offices, modeling that goal with his administration. Lurie says his team will be in five days a week, and he hopes that the administration’s work in cleaning up streets will entice others to do the same. More affordable housing will also be a priority to ensure workers can afford to live in the city, he said.

He’s also hopeful that future events the city will host in the next year and a half — from the JPMorgan Healthcare Conference to the 2025 NBA All-Star Game and Super Bowl LX in 2026 — will help invigorate the city.

“I’ve talked to Jamie Dimon,” Lurie said. “I talked to the commissioner of the NBA. They all want San Francisco to come back.”

Lurie’s election is part of a wider trend in the state of moving to the right of progressive policies and leaders of the past. More conservative district attorneys were voted into office in major counties, including Nathan Hochman in Los Angeles, while Alameda county District Attorney Pamela Price and Oakland Mayor Sheng Thao faced successful recalls. California voters also adopted a proposition that increases penalties for certain drug and theft crimes while rebuffing a measure to raise the state’s minimum wage to $18 an hour. Up and down the state, voters’ focus was on the economy, according to polling from the Public Policy Institute of California, which found the economy, cost of living and inflation were the key issues for 35 percent of voters this cycle . 

“In some ways it’s remarkable that California remained as much of a blue state and Democratic stronghold as it is considering the way people were feeling about their own financial circumstances, especially compared to four years ago,” Mark Baldassare, PPIC’s survey director, said.

This comes as California Gov. Gavin Newsom has convened a special legislative session next week in an effort to prepare the state and safeguard policies around climate change, reproductive rights and more ahead of President-elect Donald Trump’s return to the White House in January.

Lurie told CNBC that he disputes the “shift to the right” narrative in the city, adding that his biggest challenge will be combatting the cynicism around what San Francisco has become.

“What we have done in San Francisco is get back to common sense with this election,” Lurie said. “It’s about getting results for the people of San Francisco — allowing people to struggle and die in our streets is not progressive.”

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Clout wars: Jensen Huang eclipses Elon Musk and Tim Cook in Washington

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Clout wars: Jensen Huang eclipses Elon Musk and Tim Cook in Washington

U.S. President Donald Trump (L) listens as Nvidia CEO Jensen Huang speaks in the Cross Hall of the White House during an event on “Investing in America” on April 30, 2025 in Washington, DC.

Andrew Harnik | Getty Images

The China-U.S. trade war in the first Donald Trump administration saw Apple CEO Tim Cook go on a charm offensive with the president while maintaining strong relations with Beijing.  

Apple avoided U.S. tariffs and continued to grow in China, while Cook earned the reputation as a skilled policy navigator and prominent American business envoy to Beijing.

But, in Trump 2.0, not only has Apple lost its crown to Nvidia as America’s most valuable company, several tech pundits say the AI darling’s charismatic leader, Jensen Huang, has left Cook far behind in political influence. 

“Huang has become a global figure and taken on a new role politically due to his success in the AI revolution,” said Wedbush’s Dan Ives, adding that the importance of Nvidia’s AI chips has “vaulted him ahead of Cook.”  

“He has found himself in a very strong position to navigate the political landscape … [as] there is only one chip in the world fueling the AI revolution, and that’s Nvidia’s,” Ives said.

The optics of Huang’s political ascendancy have never been stronger, as Nvidia last week announced during its CEO’s latest visit to Beijing that it expected to soon resume sales of its H20 AI chips to China.

Huang’s ‘historic’ week 

The exports of the H20 chip to China had been restricted earlier this year — a move that Huang openly lobbied against.

“It was a historic win for Nvidia and Jensen … and I think it shows the increasing political influence that Huang’s having within the Trump administration,” Ives said. Huang had met with Trump in DC right before his China visit. 

The H20 reversal has been linked to trade negotiations between the U.S. and China. However, several experts told CNBC that Huang’s lobbying played a large role in it. 

The Nvidia CEO has met with Trump many times this year, including joining him on a trip to the Middle East in May, which resulted in a massive AI deal that will see the delivery of hundreds of thousands of Nvidia’s advanced AI chips to the United Arab Emirates. 

The Emirates deal had been seen as a way for America to push its global tech leadership, solidifying its technology stack in a new market over potential rivals like China’s Huawei.

After the trip, Huang increasingly began making a case against U.S. chip restrictions, arguing that they would erode America’s tech leadership to the benefit of domestic Chinese players. 

According to a report from the New York Times, this had also been a narrative Huang had been pushing to Trump and his officials behind the scenes. 

Paul Triolo, senior vice president for China, and technology policy lead at DGA-Albright Stonebridge Group, told CNBC that Huang’s arguments aligned with the thinking of influential White House AI and Crypto Czar David Sacks, further swaying the administration to lift restrictions on H20 chip exports. 

“Sacks and Huang both argue that limiting exports of U.S. technology such as select and non-cutting-edge GPUs to China risks pushing Chinese companies to use domestic alternatives … At the end of the day, this argument likely carried the day on the H20 issue,” he said. 

It’s unclear when or if Nvidia will restart production lines of the H20, but if Nvidia is simply able to sell existing stocks of H20s, it will still be a “significant revenue boost and beneficial to Nvidia in terms of retaining clients’ goodwill in China,” Triolo added.  Nvidia said it took a $4.5 billion writedown on its unsold H20 inventory in May.

Huang said last week that every civil AI model should run on the U.S. technology stack, “encouraging nations worldwide to choose America,” as Nvidia announced resuming H20 sales soon.

Not Musk, not Cook

When Trump won his second presidential election in November, many had expected a different tech CEO to hold the most influence on the administration and to act as a bridge between the U.S. and China. But Tesla’s Elon Musk had a rather public break-up with Trump.

In November, experts told CNBC that Musk’s close ties to Trump and his business interests in China could help soften the president’s aggressive trade stance toward Beijing, while cautioning against putting too much stock into the Tesla CEO.

Meanwhile, under Trump’s second presidency, Apple’s Cook has seen some strong pushback from the administration.

In May, Trump expressed a “little problem with Tim Cook” over Apple manufacturing products in India, despite the iPhone maker’s commitment of a $500 billion investment in the U.S., announced in February.

In response to the latest trade tensions between China and the U.S., Apple has accelerated efforts to de-risk supply chains from China by moving more iPhone production to India.

Earlier this month, Trump adviser Peter Navarro also criticized Cook, saying he was not moving production out of China fast enough.  

Apple and Cook were seen as the most influential company and CEO, respectively, in the first Trump administration, but now its Huang and Nvidia, said Ray Wang, CEO of Silicon Valley-based Constellation Research Inc. “Almost everything rides on Nvidia’s chips.”

Risks remain

According Triolo, while Huang has so far been able to “fairly deftly straddle both the U.S. government and China market” and “President Trump appears to be a big fan,” it remains unclear exactly where the administration will draw the line on chip restrictions. 

“The goalposts here have been changed several times, causing significant and costly forced redesigns and booking capacity,” he said. 

Despite Huang’s growing influence in the tech world and in the Trump administration, there is no guarantee it will remain that way, other experts said. 

“For the moment, NVIDIA has gone from being the chief target of chip controls to chief influencer. The question is, how long will that moment last?” said Reva Goujon, director at Rhodium Group. 

The U.S. is also currently carrying out an investigation on the semiconductor industry that could result in sector-wide tariffs, and once again put the Trump administration’s aims at odds with Nvidia’s business. While Nvidia has been moving more manufacturing to the U.S., most of it remains in Taiwan. 

Cook may offer a lesson on how tricky it can be to operate a major technology business that views both China and the U.S. as key markets.

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YouTube wipes out thousands of propaganda channels linked to China, Russia, others

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YouTube wipes out thousands of propaganda channels linked to China, Russia, others

Beata Zawrzel | Nurphoto | Getty Images

Google announced Monday the removal of nearly 11,000 YouTube channels and other accounts tied to state-linked propaganda campaigns from China, Russia and more in the second quarter.

The takedown included more than 7,700 YouTube channels linked to China.

These campaigns primarily shared content in Chinese and English that promoted the People’s Republic of China, supported President Xi Jinping and commented on U.S. foreign affairs.

Over 2,000 removed channels were linked to Russia. The content was in multiple languages that supported Russia and criticized Ukraine, NATO and the West.

Google, in May, removed 20 YouTube channels, 4 Ads accounts, and 1 Blogger blog linked to RT, the Russian state-controlled media outlet accused of paying prominent conservative influencers for social media content ahead of the 2024 election.

Tim Pool, Dave Rubin and Benny Johnson — all staunch supporters of President Donald Trump — made content for Tenent Media, the Tennessee company described in the indictment, according to NBC News.

Read more CNBC tech news

YouTube began blocking RT channels in March 2022, shortly after Russia invaded Ukraine.

The active removal of accounts is part of the Google Threat Analysis Group’s work to counter global disinformation campaigns and “coordinated influence” operations.

Google’s second quarter report also outlined the removal of influence campaigns linked to Azerbaijan, Iran, Turkey, Israel, Romania and Ghana that were found to be targeting political rivals.

Some campaigns centered on growing geopolitical conflicts, including narratives on both sides of the Israel-Palestine War.

CNBC has reached out to YouTube for further comment or information on the report.

Google took down more than 23,000 accounts in the first quarter.

Meta announced last week it removed about 10 million profiles for impersonating large content producers through the first half of 2025 as part of an effort by the company to combat “spammy content.”

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New Astronomer CEO gives first statement since Coldplay kiss-cam scandal

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New Astronomer CEO gives first statement since Coldplay kiss-cam scandal

Chris Martin of Coldplay performs live at San Siro Stadium, Milan, Italy, in July 2017.

Mairo Cinquetti | NurPhoto | Getty Images

Astronomer‘s interim CEO said in his first public comment since unexpectedly taking over the role on Saturday that he hopes to move the tech startup past the viral moment that captured national attention last week.

Pete DeJoy was appointed to the top job due to the resignation of CEO Andy Byron, days after he was caught on video in an intimate moment with the company’s head of human resources at a Coldplay concert. Astronomer said over the weekend that it would begin a search for a new CEO.

“The events of the past few days have received a level of media attention that few companies — let alone startups in our small corner of the data and AI world — ever encounter,” DeJoy wrote in a LinkedIn post on Monday. “The spotlight has been unusual and surreal for our team and, while I would never have wished for it to happen like this, Astronomer is now a household name.”

Byron was shown on a big screen at the concert in Boston on Wednesday with his arms around Chief People Officer Kristin Cabot. Byron, who is married with children, immediately hid when the couple was shown on screen. Lead singer Chris Martin said, “Either they’re having an affair or they’re just very shy.” A concert attendee’s video of the affair went viral.

Read more CNBC reporting on AI

DeJoy helped start Astronomer in 2017, according to his LinkedIn profile, and had been serving as chief product officer since earlier this year.

In May, Astronomer announced a $93 million investment round led by Bain Ventures and other investors, including Salesforce Ventures.

“I’m stepping into this role with a wholehearted commitment to taking care of our people and delivering for our customers,” DeJoy wrote. He added that “our story is very much still being written.”

Astronomer is commercializing the open-source data operations platform Astro. DeJoy wrote that customers “trust us with their most ambitious data & AI projects” and that “we’re here because the mission is bigger than any one moment.”

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