The anticipated IPOs of OpenAI and Anthropic could create roughly 12,000 new millionaires in San Francisco, with about 800 holding more than $100 million in assets, according to an analysis from Hill.com. This wealth surge is already driving median home prices up nearly 15% year over year, with some homes selling for a million dollars or more over asking price and a growing share of deals happening off-market. Divorce lawyers expect a spike in filings, as sudden wealth often prompts unhappy couples to act, while California's community property laws make IPO timing critical for asset division. A handful of escorts now charge between $3,500 and $6,000 an hour to cater to tech-obsessed clients, some of whom are more interested in companionship than sex. In philanthropy, Anthropic's founders have pledged to donate at least 80% of their wealth, and the nonprofit holding a 26% stake in OpenAI could have assets around $180 billion after the IPO, with plans to distribute at least $1 billion over the next year, though skepticism exists over whether funding AI safety research constitutes generosity or self-interest.
Anticipated IPO creates wealth for founders and employees, with founders pledging to donate at least 80% of their wealth.
Anticipated IPO creates wealth for employees and stakeholders, with the nonprofit holding a 26% stake potentially worth $180 billion.