Report finds widespread overbidding as rapid AI growth generates increased wealth in city where housing is scarce

San Francisco’s AI boom has buyers spending unprecedented amounts of money on homes – much more than sellers are asking for.

A new analysis from real-estate brokerage Compass, found that in the first half of 2026, more than 140 homes in the city sold for at least $1m above their asking price, 44 of them in June alone.

Manny Rutinel’s House campaign draws millions from big tech as pro- and anti-AI factions spar over regulation

Political groups funded by top tech executives have been homing in on one local race in Colorado, as the state’s Democratic primary vote gets under way on Tuesday. Democrat Manny Rutinel, who’s running in the competitive eighth congressional district for a seat in the House, has seen his campaign boosted with at least $2m in donations from committees led by the former Google CEO Eric Schmidt and crypto billionaire Chris Larsen.

Rutinel is a progressive candidate running against former state representative and centrist Democrat Shannon Bird. During his campaign, he has focused on his Latino heritage and centered his platform around affordability and regulating Immigrations and Customs Enforcement (ICE).

Does a thought-experiment about US ascendancy in the technology say as much about AI jitters as it does about the reality?

It’s 2031 and the US and China are about to tear Europe into pieces.

The US ploughed vast sums into datacentres and the EU did not. China built robots and Europe did not. American companies “restructured” their workflows around AI and fired people, while EU workers went on long lunch breaks and handed over administrative tasks to the AI model Claude.

Wealth tax criticized by billionaires and Gavin Newsom would levy a one-time 5% tax on residents worth over $1bn

A popular proposal in California to impose a wealth tax on billionaires has gained enough signatures to qualify for the ballot in November, state officials announced on Wednesday.

The news is set to intensify an already heated debate around the tax, which has pitted tech moguls and the state’s governor, Gavin Newsom, against the labor union backing the measure.