California Gov. Gavin Newsom and Elon Musk at Tesla’s new global engineering and AI headquarters in Palo Alto on Feb. 22, 2023. Courtesy Office of Gov. Gavin Newsom. As the city weighs the ...

The obsession began in 2013, when Aileen Lee—a VC based in Palo Alto—coined the term that captured the imaginations first of founders and investors, and then prime ministers and presidents.