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AI boom in Silicon Valley is going to worsen the housing crisis, says CEO of the company trying to build a new city near San Francisco
Jan Sramek, the leader behind plans to build a new California city, said that the AI boom will put more pressure on the housing market.
The leader behind the grand plans to build a new city in Northern California believes his project will address the state's ongoing housing crisis — a matter he says will only get worse with the recent demand for artificial intelligence. Jan Sramek, CEO of California Forever, which is a company backed by Silicon Valley's wealthiest, made his case for the new Solano County city during an episode of the podcast "On With Kara Swisher" on Tuesday. The ex-Goldman Sachs trader-turned-City Founder said he has no interest in building a smart city or a libertarian utopia, but instead wants to address a persistent problem in the Golden State that is quality, affordable housing.
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