Californias GDP compared to the rest of the world tells a different story than what you are telling here.

k8s came from where ?

Containers ( cgroups ) came from where ?

Hashicorp is the standard for devops

Elon and Tesla took a curve out of IT but guess where they started ?

Your few startups are nice but the technology they run on is built in SV and that continues to be the place of innovation regardless of VCs trying to spark it elsewhere.

Yes other areas are innovating but SV does remain one of the most innovative area if not the main one. Everything else pales in comparison