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The Nexus
BUSINESSJul 16 · 08:17 UTCBUSINESS INSIDERArielle Pardes ([email protected])

San Francisco is totally unprepared for the coming wealth tsunami

San Francisco faces a wealth surge as employees at Anthropic and OpenAI see equity values skyrocket due to the companies' massive valuation increases ahead of potential IPOs. Employees' equity gains, with some net worths reaching tens of millions, are creating a stark divide between 'regular rich' and 'stratospherically rich' in the tech community.

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