News Summary

• San Francisco home prices and apartment rents are soaring as the AI boom brings a new wave of wealth to the city.
• AI companies are expanding fast as the tech industry brings many workers back to the office.
• The jump in demand is a sharp turnaround after a pandemic slump, and it has sent home and rental prices skyrocketing.
• It's also raising fears of more displacement in a city where previous tech booms and a longtime housing shortage have already driven out many who could no longer afford to stay.