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What AI's Huge IPOs Will Mean for Housing Affordability in the Bay Area

We look at the likely impact of Anthropic and OpenAI's coming IPOs, and how they'll affect housing affordability and other aspects of life in the Bay Area. 
Alexis Madrigal
San Francisco, CA, USA - Nov 24, 2023: 575 Florida Street, one of the two adjacent buildings in the Mission District of San Francisco, California, housing OpenAI's headquarters. (hapabapa/Getty Images)

Airdate: Thursday, June 11 at 9 AM

Two of the world’s leading artificial intelligence companies, Anthropic and OpenAI, are based in San Francisco — and both are preparing public stock offerings that will bestow a huge financial windfall on their employees. In a region where even many affluent residents are already priced out of the housing market,  the expected influx of wealth could make it even harder for many to find an affordable home. We’ll look at the likely impact of the coming IPOs and how they’ll affect housing affordability and other aspects of life in the Bay Area.

Guests:

Enrico Moretti, professor of economics, UC Berkeley; author, "The New Geography of Jobs"

Gerrit De Vynck, technology reporter, The Washington Post

Kami Rieck, contributing writer, The New York Times

Mike Simonsen, chief economist, Compass real estate

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