Is Silicon Valley over? Not so fast

The question comes following a recent high-profile exodus to Texas and other push factors. But the real threat to California lies elsewhere.

Complaints about the high cost of living in San Francisco’s Bay Area (left) have been perennial. High housing prices propelled some tech companies to relocate to smaller cities, including Austin in Texas in the early 1980s. PHOTO: BLOOMBERG

(NYTIMES) - Is Texas the new Silicon Valley? Last month, Oracle said it was moving its headquarters to Austin after more than 40 years in California. Hewlett Packard Enterprise, descended from the Valley's original garage start-up, is off to Houston. Mr Elon Musk has moved to Texas, too, and has hinted that Tesla, the car company he co-founded and leads, may also relocate.

Or could Miami become the next Silicon Valley? That's what Keith Rabois, a prominent Bay Area investor, has been proclaiming since his recent move there from San Francisco.

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