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San Francisco's AI boom is driving up the cost of living so fast that even couples earning $365,000 a year can't find an affordable apartment. Median rent sits at $3,827, and homes cost $1.7 million on average.
Nvidia's annual spending in Taiwan has surged from $15 billion to $150 billion, driven by the explosive growth of the AI industry and its reliance on TSMC for advanced chip manufacturing.
Softbank is seeking a record $40 billion loan to fund its stake in OpenAI, illustrating the industry's growing reliance on credit to finance AI ventures.
