[{"data":1,"prerenderedAt":356},["ShallowReactive",2],{"header":3,"footer":26,"footer-cities":54,"content-\u002Fnews\u002Fai-sell-off-pulls-s-p-500-down-2-fresno-pensions-have-big-tech-exposure":235},{"id":4,"title":5,"body":6,"description":10,"extension":13,"links":14,"meta":20,"navigation":21,"path":22,"seo":23,"stem":24,"__hash__":25},"header\u002Fheader.md","Central Valley AI",{"type":7,"value":8,"toc":9},"minimark",[],{"title":10,"searchDepth":11,"depth":11,"links":12},"",2,[],"md",[15],{"label":16,"to":17,"icon":19},"News",{"path":18},"\u002Fnews\u002F","mdi-newspaper-variant-outline",{},true,"\u002Fheader",{"title":5,"description":10},"header","ceT4J-WxxOBdbhRC-UD3fo0Npu7vWt2o2B9b_LURPmE",{"id":27,"title":28,"body":29,"copyright":33,"description":10,"developedBy":34,"extension":13,"links":41,"meta":49,"navigation":21,"path":50,"seo":51,"stem":52,"__hash__":53},"footer\u002Ffooter.md","Footer",{"type":7,"value":30,"toc":31},[],{"title":10,"searchDepth":11,"depth":11,"links":32},[],"© {year} All rights reserved.",{"label":35,"link":36},"Developed by",{"label":37,"to":38,"target":39,"logo":40},"Kaweah Tech","https:\u002F\u002Fkaweah.tech","_blank","https:\u002F\u002Fassets.kaweah.tech\u002Flogo-black-on-transparent-tight.svg",[42,43,46],{"label":16,"to":18},{"label":44,"to":45},"About","\u002Fabout\u002F",{"label":47,"to":48},"Privacy Policy","\u002Fprivacy-policy\u002F",{},"\u002Ffooter",{"description":10},"footer","Ras2AGS8Wuda4aBPrbAbOivaxIsAoDbo9SNCA0w554g",[55,85,123,154,181,208],{"id":56,"title":57,"body":58,"county":77,"description":10,"extension":13,"intro":78,"meta":79,"navigation":21,"path":80,"seo":81,"stem":82,"tag":83,"__hash__":84},"cities\u002Fcities\u002Fbakersfield.md","Bakersfield",{"type":7,"value":59,"toc":74},[60,65],[61,62,64],"h2",{"id":63},"ai-in-bakersfield","AI in Bakersfield",[66,67,68,69,73],"p",{},"Bakersfield's AI conversation sits at the intersection of municipal government, the ",[70,71,72],"strong",{},"California State University Bakersfield"," community, and the energy and ag operators that drive Kern County's economy. The city was an early mover on AI-assisted permitting and has been a recurring backdrop for parent- and teacher-led debates about classroom AI use. Articles below follow specific Bakersfield initiatives, public-meeting decisions, and Kern County workforce stories — and how they reflect national AI trends from a regional vantage point.",{"title":10,"searchDepth":11,"depth":11,"links":75},[76],{"id":63,"depth":11,"text":64},"Kern County","Bakersfield and the surrounding Kern County are home to some of the most concrete AI-in-government experiments in the Central Valley, from instant municipal permitting to school-district debates about classroom AI. Coverage on this page tracks how AI is reshaping public services, education, and the energy and agriculture economies that dominate the region.",{},"\u002Fcities\u002Fbakersfield",{"title":57,"description":10},"cities\u002Fbakersfield","bakersfield","ozFL4HvDA_g7UrRE1mHbKqcS-vDLwbiH9JWVh3rB2Ac",{"id":86,"title":87,"body":88,"county":115,"description":10,"extension":13,"intro":116,"meta":117,"navigation":21,"path":118,"seo":119,"stem":120,"tag":121,"__hash__":122},"cities\u002Fcities\u002Ffresno.md","Fresno",{"type":7,"value":89,"toc":112},[90,94,109],[61,91,93],{"id":92},"ai-in-fresno","AI in Fresno",[66,95,96,97,100,101,104,105,108],{},"Fresno's AI story spans several distinct ecosystems. ",[70,98,99],{},"Fresno State"," and the ",[70,102,103],{},"California State University"," system anchor a workforce-readiness push, while local ",[70,106,107],{},"Fresno Unified School District"," debates around responsible use have made the city a recurring reference point in California's K-12 AI conversation. The city's economic base in agriculture, healthcare, and public services means most AI adoption stories here are about applied uses rather than model development — a different posture than coastal tech hubs but arguably more consequential for the people living here.",[66,110,111],{},"Use the articles below to follow how AI is showing up in Fresno-area institutions and businesses.",{"title":10,"searchDepth":11,"depth":11,"links":113},[114],{"id":92,"depth":11,"text":93},"Fresno County","Fresno is the largest city in California's Central Valley and the regional center for AI adoption across agriculture, healthcare, higher education, and small business. Coverage on this page tracks how AI is being applied — and contested — in and around the city of Fresno and Fresno County.",{},"\u002Fcities\u002Ffresno",{"title":87,"description":10},"cities\u002Ffresno","fresno","gOL2xk8y9t9OV6PPxP02OjYhZFHC_Cg-VGijh_V93dI",{"id":124,"title":125,"body":126,"county":146,"description":10,"extension":13,"intro":147,"meta":148,"navigation":21,"path":149,"seo":150,"stem":151,"tag":152,"__hash__":153},"cities\u002Fcities\u002Fmerced.md","Merced",{"type":7,"value":127,"toc":143},[128,132],[61,129,131],{"id":130},"ai-in-merced","AI in Merced",[66,133,134,135,138,139,142],{},"Merced is a research-heavy node in the Central Valley AI ecosystem. ",[70,136,137],{},"UC Merced"," faculty appear in national conversations about AI safety, autonomous vehicles, climate modeling, and pediatric health applications, while the ",[70,140,141],{},"Merced Unified School District"," and surrounding county institutions navigate the same K-12 and workforce questions the rest of the Valley faces. The articles below cover both the campus research story and the broader applied uses around the city and county.",{"title":10,"searchDepth":11,"depth":11,"links":144},[145],{"id":130,"depth":11,"text":131},"Merced County","Merced punches above its weight in AI research, anchored by UC Merced — a leading West Coast hub for AI in agriculture, climate, autonomous systems, and health. Coverage on this page tracks both academic research coming out of the campus and how AI is showing up across Merced's schools, businesses, and county institutions.",{},"\u002Fcities\u002Fmerced",{"title":125,"description":10},"cities\u002Fmerced","merced","pSWWlEzMdcv2_RZrUKdkEHU3bixNboePGdHbSdd1m34",{"id":155,"title":156,"body":157,"county":173,"description":10,"extension":13,"intro":174,"meta":175,"navigation":21,"path":176,"seo":177,"stem":178,"tag":179,"__hash__":180},"cities\u002Fcities\u002Fmodesto.md","Modesto",{"type":7,"value":158,"toc":170},[159,163],[61,160,162],{"id":161},"ai-in-modesto","AI in Modesto",[66,164,165,166,169],{},"Modesto's AI conversation tends to combine ag-tech adoption stories with workforce-readiness questions for the city's small and mid-sized employers. ",[70,167,168],{},"CSU Stanislaus"," and the regional community college network shape the higher-ed angle. Coverage below follows Modesto-area AI announcements and the wider Stanislaus County context.",{"title":10,"searchDepth":11,"depth":11,"links":171},[172],{"id":161,"depth":11,"text":162},"Stanislaus County","Modesto and Stanislaus County sit between the Bay Area and the southern Valley, and their AI story reflects that bridging role — from agriculture and food processing to the **California State University Stanislaus** community to small businesses adapting to AI-driven changes in marketing, hiring, and operations.",{},"\u002Fcities\u002Fmodesto",{"title":156,"description":10},"cities\u002Fmodesto","modesto","l75Dc40MX8wTb4lD088Yx9we4ypuDwmcvE-uEdqqREc",{"id":182,"title":183,"body":184,"county":200,"description":10,"extension":13,"intro":201,"meta":202,"navigation":21,"path":203,"seo":204,"stem":205,"tag":206,"__hash__":207},"cities\u002Fcities\u002Fstockton.md","Stockton",{"type":7,"value":185,"toc":197},[186,190],[61,187,189],{"id":188},"ai-in-stockton","AI in Stockton",[66,191,192,193,196],{},"Stockton's economic base in logistics, healthcare, and higher education gives the city a different AI profile than the southern Valley. ",[70,194,195],{},"University of the Pacific"," anchors the academic conversation, while San Joaquin County government, hospitals, and warehouse operators are navigating practical adoption questions: cost, training, security, workforce impact. The articles below track Stockton-area AI announcements and the broader San Joaquin County context.",{"title":10,"searchDepth":11,"depth":11,"links":198},[199],{"id":188,"depth":11,"text":189},"San Joaquin County","Stockton and San Joaquin County sit at the northern edge of the Central Valley, where logistics, healthcare, and the University of the Pacific shape the local AI adoption story. Coverage on this page follows how AI is being put to work — and questioned — across San Joaquin County's institutions, employers, and public services.",{},"\u002Fcities\u002Fstockton",{"title":183,"description":10},"cities\u002Fstockton","stockton","TYEBK9akp2HbpAFmYY67FeKt7Rs7L8tvtYeQBtgJAHw",{"id":209,"title":210,"body":211,"county":227,"description":10,"extension":13,"intro":228,"meta":229,"navigation":21,"path":230,"seo":231,"stem":232,"tag":233,"__hash__":234},"cities\u002Fcities\u002Fvisalia.md","Visalia",{"type":7,"value":212,"toc":224},[213,217],[61,214,216],{"id":215},"ai-in-visalia","AI in Visalia",[66,218,219,220,223],{},"Visalia's AI footprint is grounded in the practical adoption stories that come with a Tulare County economy built around agriculture, food processing, and rural healthcare. ",[70,221,222],{},"College of the Sequoias"," and the surrounding K-12 districts anchor the education conversation. The articles below cover Visalia-area AI developments and the Tulare County context, with a focus on applied uses rather than research or model development.",{"title":10,"searchDepth":11,"depth":11,"links":225},[226],{"id":215,"depth":11,"text":216},"Tulare County","Visalia is the largest city in Tulare County and a center for agriculture, healthcare, and county-government services in the southern Central Valley. Coverage on this page tracks how AI is being adopted across Tulare County's schools, hospitals, ag operations, and small business community.",{},"\u002Fcities\u002Fvisalia",{"title":210,"description":10},"cities\u002Fvisalia","visalia","gN4g7aAl-cqD4FfSTgtTAarltUoKLh8NFlPzCbZngqU",{"id":236,"title":237,"archived":238,"author":239,"body":240,"date":344,"dateModified":344,"description":345,"extension":13,"meta":346,"navigation":21,"path":347,"rawbody":348,"seo":349,"sitemap":350,"stem":351,"tags":352,"__hash__":355},"news\u002Fnews\u002Fai-sell-off-pulls-s-p-500-down-2-fresno-pensions-have-big-tech-exposure.md","AI sell-off pulls S&P 500 down 2%; Fresno pensions have big-tech exposure",false,"Sam Patel",{"type":7,"value":241,"toc":337},[242,246,250,266,269,272,276,279,282,286,289,292,296,299,302,305,308,324,327,331],[243,244,237],"h1",{"id":245},"ai-sell-off-pulls-sp-500-down-2-fresno-pensions-have-big-tech-exposure",[61,247,249],{"id":248},"key-takeaways","Key Takeaways",[251,252,253,257,260,263],"ol",{},[254,255,256],"li",{},"The S&P 500 fell about 2% on Tuesday, June 9, as AI stocks slid again.",[254,258,259],{},"Fresno County Employees' Retirement Association held about $1.76B in a Russell 1000 index fund as of June 30, 2025.",[254,261,262],{},"The City of Fresno Employees Retirement System reported 25% in domestic equities as of June 30, 2025.",[254,264,265],{},"FCERA reminds members their pension is a defined benefit that isn’t tied to daily market moves.",[66,267,268],{},"Red arrows crowded the board at Tuesday’s close. Traders sold the winners.",[66,270,271],{},"The sell-off that has dogged AI favorites returned on June 9 and pulled the S&P 500 down roughly 2%, the Associated Press reported. That matters here because a lot of Central Valley retirement money sits in big U.S. stock indexes stuffed with those same names.",[61,273,275],{"id":274},"what-moved-the-market","What moved the market",[66,277,278],{},"AI bellwethers lost ground for a second stretch this month after weeks of outsized gains. The AP’s market wrap put the day’s move at about 2% for the S&P 500, with the Nasdaq falling more as chip and software names gave back gains. Some sectors held up better, helped by lower oil, but the leadership that had carried the market earlier in the year went soft.",[66,280,281],{},"And plenty of 401(k)s track those same indexes.",[61,283,285],{"id":284},"how-valley-money-is-tied-to-big-tech","How Valley money is tied to big tech",[66,287,288],{},"Fresno County Employees' Retirement Association, which manages benefits for county workers and several local districts, shows a large-cap U.S. stock index at the core of its portfolio. As of June 30, 2025, FCERA listed roughly $1.76 billion in a Russell 1000 index fund, about 24% of total assets at the time. That slice captures the market’s biggest companies, including the AI names that led and then stumbled.",[66,290,291],{},"City of Fresno Employees Retirement System reports a similar tilt. Its Popular Annual Financial Report shows domestic equities at 25% of assets as of June 30, 2025, part of a diversified mix with international stocks, bonds, real estate, and infrastructure. The numbers shift during the year, but the broad point stands for Valley public plans and for private 401(k)s across Fresno County.",[61,293,295],{"id":294},"what-local-plans-say-about-volatility","What local plans say about volatility",[66,297,298],{},"FCERA’s public FAQ takes the long view. It tells members their pension is a defined benefit based on service and pay, and that payments continue regardless of daily market swings. The fund also discloses total assets and allocation targets in board materials and quarterly reports, which is where the index weight shows up. That transparency gives county workers some context when a red day hits, even if it doesn’t make the headlines easier to read.",[66,300,301],{},"For Fresno city workers with a separate system, the latest report highlights a strong funding ratio and a long-term return target. Documents there spell out both target and actual allocations, so members can see how much sits in stocks versus income or real assets in any given year.",[66,303,304],{},"A jar of blue pens sat beside a sign-in sheet at one advisor’s office late Tuesday, quiet except for the printer.",[66,306,307],{},"FCERA’s message to anxious members is plainer than most market notes: “We provide guaranteed pensions.”",[66,309,310],{},[311,312,313,314,317,318,323],"em",{},"Central Valley AI is produced by the ",[70,315,316],{},"CVAI Newsdesk"," team and developed by ",[319,320,37],"a",{"href":38,"rel":321},[322],"nofollow",", a regional firm that builds, deploys, and integrates AI solutions for businesses across California's Central Valley.",[325,326],"hr",{},[61,328,330],{"id":329},"source","Source",[66,332,333],{},[319,334,335],{"href":335,"rel":336},"https:\u002F\u002Fwww.bakersfield.com\u002Fap\u002Fnational\u002Fwall-street-drops-as-ai-stocks-slide-sharply-again\u002Farticle_2deb9a2d-9485-58df-bd56-da5d8fdef177.html",[322],{"title":10,"searchDepth":11,"depth":11,"links":338},[339,340,341,342,343],{"id":248,"depth":11,"text":249},{"id":274,"depth":11,"text":275},{"id":284,"depth":11,"text":285},{"id":294,"depth":11,"text":295},{"id":329,"depth":11,"text":330},"2026-06-14","A fresh tumble in AI leaders dragged Wall Street lower Tuesday. Fresno’s public pension funds, which hold large U.S. stock indexes, will feel the swings on paper.",{},"\u002Fnews\u002Fai-sell-off-pulls-s-p-500-down-2-fresno-pensions-have-big-tech-exposure","---\nauthor: Sam Patel\ndate: 2026-06-14\ndateModified: '2026-06-14'\ndescription: A fresh tumble in AI leaders dragged Wall Street lower Tuesday. Fresno’s\n  public pension funds, which hold large U.S. stock indexes, will feel the swings\n  on paper.\ntags:\n- business\n- fresno\n- economy\ntitle: AI sell-off pulls S&P 500 down 2%; Fresno pensions have big-tech exposure\n---\n\n# AI sell-off pulls S&P 500 down 2%; Fresno pensions have big-tech exposure\n\n## Key Takeaways\n\n1. The S&P 500 fell about 2% on Tuesday, June 9, as AI stocks slid again.\n2. Fresno County Employees' Retirement Association held about $1.76B in a Russell 1000 index fund as of June 30, 2025.\n3. The City of Fresno Employees Retirement System reported 25% in domestic equities as of June 30, 2025.\n4. FCERA reminds members their pension is a defined benefit that isn’t tied to daily market moves.\n\nRed arrows crowded the board at Tuesday’s close. Traders sold the winners.\n\nThe sell-off that has dogged AI favorites returned on June 9 and pulled the S&P 500 down roughly 2%, the Associated Press reported. That matters here because a lot of Central Valley retirement money sits in big U.S. stock indexes stuffed with those same names.\n\n## What moved the market\n\nAI bellwethers lost ground for a second stretch this month after weeks of outsized gains. The AP’s market wrap put the day’s move at about 2% for the S&P 500, with the Nasdaq falling more as chip and software names gave back gains. Some sectors held up better, helped by lower oil, but the leadership that had carried the market earlier in the year went soft.\n\nAnd plenty of 401(k)s track those same indexes.\n\n## How Valley money is tied to big tech\n\nFresno County Employees' Retirement Association, which manages benefits for county workers and several local districts, shows a large-cap U.S. stock index at the core of its portfolio. As of June 30, 2025, FCERA listed roughly $1.76 billion in a Russell 1000 index fund, about 24% of total assets at the time. That slice captures the market’s biggest companies, including the AI names that led and then stumbled.\n\nCity of Fresno Employees Retirement System reports a similar tilt. Its Popular Annual Financial Report shows domestic equities at 25% of assets as of June 30, 2025, part of a diversified mix with international stocks, bonds, real estate, and infrastructure. The numbers shift during the year, but the broad point stands for Valley public plans and for private 401(k)s across Fresno County.\n\n## What local plans say about volatility\n\nFCERA’s public FAQ takes the long view. It tells members their pension is a defined benefit based on service and pay, and that payments continue regardless of daily market swings. The fund also discloses total assets and allocation targets in board materials and quarterly reports, which is where the index weight shows up. That transparency gives county workers some context when a red day hits, even if it doesn’t make the headlines easier to read.\n\nFor Fresno city workers with a separate system, the latest report highlights a strong funding ratio and a long-term return target. Documents there spell out both target and actual allocations, so members can see how much sits in stocks versus income or real assets in any given year.\n\nA jar of blue pens sat beside a sign-in sheet at one advisor’s office late Tuesday, quiet except for the printer.\n\nFCERA’s message to anxious members is plainer than most market notes: “We provide guaranteed pensions.”\n\n*Central Valley AI is produced by the **CVAI Newsdesk** team and developed by [Kaweah Tech](https:\u002F\u002Fkaweah.tech), a regional firm that builds, deploys, and integrates AI solutions for businesses across California's Central Valley.*\n\n---\n\n## Source\n\nhttps:\u002F\u002Fwww.bakersfield.com\u002Fap\u002Fnational\u002Fwall-street-drops-as-ai-stocks-slide-sharply-again\u002Farticle_2deb9a2d-9485-58df-bd56-da5d8fdef177.html\n",{"title":237,"description":345},{"loc":347},"news\u002Fai-sell-off-pulls-s-p-500-down-2-fresno-pensions-have-big-tech-exposure",[353,121,354],"business","economy","CrVxd_qp8lyREvcL7ed-GwWdJswRiHhkooDpgQrDJI8",1782158312669]