Newsom Pitches Software Tax to Raise Billions in New Revenue

California Governor Gavin Newsom is proposing a new tax on cloud-based software sales, turning to the technology sector for billions of dollars in new revenue as the state’s budget is being lifted by the artificial-intelligence boom.

For builders and developers, this changes the calculus on which AI tools deliver the best ROI for their workflows.

Why it matters for your wallet: Every major AI industry move creates earning opportunities — from new tools to invest in, skills to learn, or markets to enter. Tracking these developments is how you stay ahead.

Read the full story on Bloomberg Tech →