Silicon Alley build a US$2 billion graduate school of applied sciences on Roosevelt Island, with the goal of transforming New York City into the world's premier technology capital. As of 2013, Google's second largest office is located in New York. Verizon Communications, headquartered at 140 West Street in Lower Manhattan, was in 2014 in the final stages of completing a US$3 billion fiberoptic telecommunications upgrade throughout New York City. This revival was not restricted to Lower Manhattan, but was spread throughout New York City. Hence "Silicon Alley" has been considered by some observers to be an obsolete term. Silicon Alley Silicon Alley,
Media in the San Francisco Bay Area of Al Jazeera Media Network, is also based in the city. As the home of Silicon Valley, several high technology companies involved with Internet media or social media are either headquartered or have a significant presence in the Bay Area. These include the following: Media in the San Francisco Bay Area The media in the San Francisco Bay Area has historically focused on San Francisco but also includes two other major media centers, Oakland and San Jose. The Federal Communications Commission, Nielsen Media Research, and other similar media organizations treat the San Francisco-Oakland-San Jose Bay Area as one entire media