Uploaded February 2026 | Updated September 2026, 2 weeks ago

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California is collecting a growing share of income tax revenue from the AI boom, driven by stock option withholding at major tech firms. Analysts warn the gains come with little job growth, rising unemployment and the risk that an AI bubble could burst, sharply cutting state revenue if markets turn.

EXECUTIVE PRODUCERS
Neil Chase
Tamara Gould
Angela Boisvert

PRODUCERS
Robert Meeks
Mia Henry
Colin Taylor

REPORTER
Levi Sumagaysay

EDITORS
Robert Meeks
Anthony Bibian

CALMATTERS EDITOR IN CHIEF
Kristen Go

PRODUCTION MANAGER
Robert McDonnell

SERIES BRANDING
Israel Mendez

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