AI, spies and $12 coffee: A dispatch from the San Francisco bubble

Detailed summary

San Francisco | The tech aristocracy of San Francisco, home of artificial intelligence giants Anthropic and OpenAI, is unquestionably living in a bubble. From the waves of cash…

San Francisco | The tech aristocracy of San Francisco, home of artificial intelligence giants Anthropic and OpenAI, is unquestionably living in a bubble.

From the waves of cash ready to be invested in the latest AI start-ups that pay $500,000 a year, to the inflation that leads to $12 coffees, $20 bottles of water, and runaway real estate, to the innovation (driverless taxis, anyone?) – it is a city that feels apart from the rest of the Western world.

Opening of the article, excerpted from Australian Financial Review. To read the rest, open the article on the publisher's site.