OpenAI created 75 multimillionaires — and priced 6-figure engineers out of SF
openai's estimated $1t valuation and the creation of 75 multimillionaires are driving sf rents to $5k+, displacing even six-figure earners.
san francisco housing costs are soaring as ai companies like openai create massive wealth, with reports of 75 new multimillionaires earning roughly $30 million each. this influx of capital has pushed average rents to $3,827 and median home prices to $1.7 million, forcing even couples earning $360,000 combined to leave the city. venture capitalists estimate a new 'ai elite' of 10,000 people worth over $20 million each is emerging. the situation highlights growing economic inequality within the tech sector as ai valuations potentially approach $1 trillion.