San Francisco Home Sellers Seek OpenAI, Anthropic Stock for $2.995 Million Properties
Updated
Updated · The New York Times · Jul 8
San Francisco Home Sellers Seek OpenAI, Anthropic Stock for $2.995 Million Properties
3 articles · Updated · The New York Times · Jul 8
Summary
$2.995 million listings in San Francisco are starting to accept OpenAI or Anthropic shares instead of cash, with one such home sale set to close this week.
Seller Nima Gabbay said he added the stock-payment clause to tap the AI boom, calling the market a "gold rush" as employees chase liquidity ahead of potential public offerings.
Two OpenAI employees approached him with stock offers: one bid more than $1 million above asking but appeared to overvalue the shares, while another withdrew after OpenAI filed to go public last month.
The experiment is emerging in a strengthening local market, where May home sales rose 12.2% from a year earlier and the median single-family price reached $2.14 million.