What’s Worth More Than Cash In San Francisco Real Estate? Anthropic Stock

One thing that I think you will find very, very funny

is that we have been seeing real estate listings

in San Francisco

say that they will accept stock in Anthropic

or OpenAI in exchange for a house.

And this has happened not just one time, multiple times.

Incredible.

So do we know if anyone

has actually done a purchase like this yet or is that still-

No. There are so many questions.

My major one was how are they deciding the value of the,

like, these aren't public companies.

Also, do you need board approval

to give away a bunch of your stock in exchange for a house?

WIRED freelancer Arielle Pardes

wrote a story for us about this,

and she asked the real estate agents,

How are your clients expecting these deals to go?

And everyone was kind of like, Ah, we'll figure it out.

But one of the agents did say

that they've received a lot of interest

and she claims specifically from Anthropic employees.

There was one listing in particular that said

they were only accepting Anthropic stock, not OpenAI,

because the guy who was selling the house

likes Anthropic's products better.

Incredible.

But also it is a reminder of how many billionaires

are about to hit the streets in San Francisco,

even more than there already are,

to the point where, I mean, people can probably,

there are, I assume, a lot of people at Anthropic or OpenAI

who can give away $2 million worth of stock

and still have a whole lot of stock left over.

It's sort of like monopoly money at this point.

Yeah, totally.

I mean, a lot of these people, like you insinuated,

are like on paper millionaires or even billionaires,

but once the IPOs happen,

they'll be like actual millionaires, if not billionaires.