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San Francisco is the best city in the world for innovation.
- A new report from business-consulting firm AT Kearney gave San Francisco the top spot in a ranking that measures the hottest cities of the future.
- New York leads when it comes to economic metrics, while emerging tech hubs Singapore and Amsterdam rocketed up the ranking in 2018.
- The concentration of wealth and power in San Francisco has its downsides.
Despite its out-of-control housing prices and cost of living, San Francisco continues to attract the best companies, the top talent, and the most investment dollars.
There are reasons for it. San Francisco is the best city in the world for innovation.
AT Kearney, a global business-consulting firm, just released this year's Global Cities Report and gave San Francisco the top spot on the Global Cities Outlook ranking. The firm ranks 135 cities based on global standing and influence, as well as their potential for importance in the future. San Francisco won out - for the third year in a row - on a ranking that specifically measures projected levels of influence and innovation.
But San Francisco faces significant competition from the most established global cities, such as New York, London, and Paris, as well as emerging tech hubs.