San Francisco's burgeoning AI industry is significantly increasing the cost of living, making it difficult for even high-earning tech professionals to afford housing. Couples earning substantial incomes are struggling to find apartments, with median rents nearing $4,000 and average home prices exceeding $1.7 million. The anticipated IPOs of major AI companies like OpenAI and Anthropic are expected to further exacerbate this affordability crisis for those not directly benefiting from the AI boom. AI
IMPACT The AI industry's rapid growth is creating significant economic ripple effects, impacting housing affordability in major tech hubs.
RANK_REASON Article discusses the economic impact of the AI boom on housing costs, rather than a core AI development.
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