It will make renters sick that they have to compete with AI sector workers whose cash-flush companies pay their rent for them. It will make renters even sicker to hear those AI companies do this to make their workplaces like “a frat house.”
We’ve known for several months now that San Francisco has the fastest-rising rents in the country, and that the sharp rent increases are because of the AI boom. But the New York Times has a new analysis of how AI companies are gaming the rental market in their employees’ favor, in some cases with $1,000-a-month rent stipends, or in other cases, simply paying the employees’ rent for them out of the company’s VC-rich coffers.
Which AI company is giving their employees apartments for free? That would be the “cheat on everything” app Cluely, helmed by 22-year-old Ivy League dropout CEO Roy Lee…