Gavin Newsom: “32 of the top 50 market cap companies on the globe are in…”

“Well, and I sound like I'm bloviating and packed and I can get all the real problems in my state, affordability being number one, two, three. But we dominate in artificial intelligence. We have no peers. 32 of the top 50 market cap companies on the globe are in California. And for obvious reasons back to this conveyor belt for talent. The UCS and the CSUs and Caltech and Stanford University research and development, the Lawrence Livermore Labs and Sandia Labs and all the investments we're making in science.” (18:16–18:23)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.