San Francisco's housing market soars amid AI cash flow

Both OpenAI and Anthropic are planning to go public, each pushing a valuation of $1 trillion as of their latest funding rounds. But even before these mega-IPOs send a tsunami of new liquidity through their home city, San Francisco, signs of growing AI wealth aren't hard to find. And no sign is blinking brighter than the real estate market.

San Francisco has the highest and the fastest-rising home prices in the country, according to data from Redfin. Recently, a turn-key restored Edwardian home hit the market for just under $3 million, right outside the neighborhood known as Cerebral Valley for its concentration of AI workers.