San Francisco: AI Drives Rents Beyond High Salaries
Le brief IA que les pros lisent chaque soir
Les 7 actus IA du jour, décryptées en 5 min. Gratuit.
Inclus dès l'inscription : notre sélection des meilleurs guides & comparatifs IA.
Choisis ton rythme
Gratuit · Pas de spam · Désabonnement en 1 clic
San Francisco: AI Drives Rents Beyond High Salaries
The rise of AI in San Francisco is driving the cost of living to such heights that even tech workers earning six-figure salaries are struggling to keep up. According to the New York Times, a recruiter earning $180,000 a year and her partner, a software engineer making $185,000, spent three months searching for an apartment under $5,000 per month. They came up empty-handed. The engineer eventually moved to Lake Tahoe and still lives with roommates for $1,650.
The potential IPOs of OpenAI and Anthropic, each valued at nearly a trillion dollars, could further concentrate wealth in the hands of a small group of employees and drive prices up in San Francisco. The average rent in the city already stands at $3,827. The median home price has reached $1.7 million. Vacancy rates in sought-after neighborhoods like Marina District and Pacific Heights have dropped from 13% in 2020 to around 3%.
Venture capitalist Deedy Das of Menlo Ventures recently described a new elite of AI comprising about 10,000 individuals, each worth over $20 million. OpenAI alone reportedly created 75 multimillionaires last fall, each receiving around $30 million.
Brief IA — L'actualité IA en français
L'essentiel de l'actualité de l'intelligence artificielle, décrypté et expliqué chaque jour.