Tech
San Francisco’s housing market has lost its mind
San Francisco real estate has never been very accessible. But the record sales happening right now in the city’s high-end market are testing the upper limits of what even this famously unaffordable city thought was possible.
Consider a six-bedroom, 5,700-square-foot home in Cow Hollow, one of San Francisco’s most coveted neighborhoods. It was listed two weeks ago at $7.95 million, so, not cheap. It just sold for $15 million. The sellers, who bought the property for $7.8 million in the summer of 2020 as the pandemic was pushing residents out of cities, nearly doubled their money in under five years.
San Francisco real estate agent Rohin Dhar flagged the sale on X, where it drew the kind of reactions you’d expect from people who thought they’d seen everything this market had to offer.
Then there’s a 4,100-square-foot home in Presidio Heights, one of the city’s most exclusive enclaves, that was listed in late April for $4.4 million and sold a week later for $8.2 million, nearly double the asking price. Venture capitalist Nichole Wischoff, who toured the property before it sold, wasn’t impressed with what the money was buying.
“Mediocre house, good location,” she wrote on X, noting that the view from the patio was of a neighboring home that appeared to have burned down. “Someone just bought this for $8.2M,” she wrote. “If you like to see cash lit on fire, come tour real estate in SF.”
It isn’t only the ultra-high end that’s seeing action. A 2,300-square-foot home in Bernal Heights sold this week for $4 million — a million dollars over asking — just two years after the same owners tried and failed to sell it for $2.95 million. That sale represents a different but equally telling story: the frenzy isn’t limited to the rarefied tier of eight-figure homes. Across a wide swath of the market, buyers are bidding aggressively, with homes routinely selling for $500,000 to $1 million over asking.
The numbers back up the anecdotes. New data from Redfin shows luxury home sales in San Francisco jumped 22% year-over-year in March, with homes going under contract in a median of just 12 days — down from 28 days a year earlier. Nearly two-thirds of luxury properties went under contract within two weeks. By contrast, non-luxury sales rose less than 4%, with prices essentially flat. The high end is essentially operating in a totally different universe.
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The invisible force behind all of this is no mystery to anyone paying attention to the city’s tech economy. San Francisco is home to some of the most valuable private companies in the world, and their employees have been quietly accumulating — and, increasingly, cashing out — fortunes.
OpenAI and Anthropic, two of the most valuable AI companies ever created, have allowed employees to sell portions of their shares in secondary market transactions in recent years, putting serious money into the hands of people who, in many cases, already live here and want to upgrade. That liquidity is flowing directly into the housing market, and the market is responding accordingly.
The truly astonishing part may still be ahead. SpaceX, OpenAI, Anthropic, and a cluster of other tech giants have yet to go public. When they do — and the conventional wisdom holds that some of them will, sooner than later — the wealth unlocked could make the current moment look quaint in comparison. Thousands of employees holding equity in companies valued in the hundreds of billions of dollars will become even more liquid almost overnight.
What that means for a housing market already producing $15 million sales within just a week or so of being listed is, candidly, difficult to fathom at this moment. San Francisco has spent decades as the punchline of conversations about housing affordability. It’ll be strange, to say the least, if $15 million soon looks like an opening bid.
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Tech
Nvidia launches new platform for reining in rogue AI agents
As the debate rages over whether the recent spate of rogue AI agents is a step toward AGI or a more conventional engineering problem, Nvidia is offering its own answer to problem.
Nvidia CEO Jensen Huang on Monday introduced a toolkit of software and hardware products that add independent security layers around AI agents to ensure they stay within their test environments even if they attempt to break out.
The release follows a string of hacking incidents involving AI models from Anthropic, Google, OpenAI, and Meta that bypassed security controls to escape their testing environments and access real-world systems. The first and most prominent example occurred this summer when OpenAI agents breached Hugging Face while trying to complete a cybersecurity task. And the hits keep on coming — OpenAI published a new site dedicated to reports of its AI agents going rogue.
Huang said Monday during an interview with CNBC that its new Nvidia Open Agent Safety Platform would have prevented these breaches.
Nvidia, which has made tens of billions of dollars selling its GPU and CPU chips to AI labs, doesn’t support slowing down development or adding new regulations to the industry to solve the security problem. The answer, the company believes, is to move some security controls outside the agent altogether — creating a constant and independent security guard that will keep AI agents in check.
“AI’s extraordinary potential for society will only be realized if we solve AI safety,” Huang said in a statement. “As we continue to discover the frontier of AI capabilities, we must accelerate discovery at the frontier of AI safety. Safety and security require full-stack engineering.”
The new Nvidia Open Agent Safety Platform combines OpenShell, its open-source software for controlling what agents can access while they operate, with Sentry, an independent monitoring system that runs on Nvidia’s BlueField-4 data processing units. Nvidia says placing Sentry on a separate processor — rather than on the CPU or GPU where the AI agent operates — provides an isolated view of the agent’s activity.
OpenShell isn’t new; the company announced the software in March. But it’s the combination that Nvidia believes will provide the security layer needed to keep the industry plugging along. OpenShell provides the software boundary around the agent, while Sentry adds another line of defense at the hardware level tha the company says will continuously monitor behavior and “quarantine agents that attempt to move outside their boundaries in milliseconds.”
Nvidia listed dozens of companies that have signed on to to support the effort and use the open-source platform including Anthropic, Arm, Microsoft, Oracle, and SpaceX. OpenAI is not listed as a participating company.
Huang told CNBC in an interview Monday that work on this effort started a year ago following the introduction of OpenClaw, an operating system of agents created by Peter Steinberger. In March, Nvidia released NemoClaw, an enterprise-grade AI agent platform and its own version of OpenClaw that baked in security.
“When you deploy an agent, no matter how smart, the first thing you do is to take away all of its rights,” Huang said during his CNBC interview, later comparing these security measures to how human employees and even executives are managed with companies.
Nvidia’s release was widely supported by those who have cautioned that a slowdown in development could allow China to surpass the U.S. in AI.
David Sacks, a founder, venture capitalist, former White House AI czar, and co-chair the President’s Council of Advisors on Science and Technology, said Nvidia’s announcement is a reminder that agent safety is an engineering problem.
“Recent breakouts weren’t proof that development must stop,” he wrote on X. “They were proof that the sandbox was too weak. The runtime environment was poorly designed and misconfigured.”
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Tech
Anthropic releases Sonnet 5.5, which it calls a significantly cheaper, faster work partner
As the AI model wars continue, Anthropic has released the newest version of Sonnet, the company’s mid-tier model, which it says will work much faster (and for significantly less) than its predecessor.
The lab describes Sonnet 5.5 as an ideal assistant for everyday tasks — including coding and creating office documents.
5.5’s predecessor, Sonnet 5, was announced about three months ago. At the time, the model’s selling point was efficient agentic deployment — the ability to run agents at a lower cost than competitors.
The big selling point with 5.5, meanwhile, is speed. Anthropic claims that Sonnet 5.5 is 30 percent faster than its predecessor, and that its rate of token burn is significantly slower.
In the Anthropic hierarchy of models, Sonnet is less powerful than the Opus model, but can be more useful in certain circumstances because its agility. In particular, Anthropic’s benchmarks show Sonnet 5.5 performing better than Opus 5.5 on agentic coding, likely because of its ability to spawn multiple agents without exceeding cost limits.
Sonnet 5.5 is also said to have significant cyber capabilities, with the company claiming that it has “comparable” cyber capabilities to Opus 5. As a result, Anthropic says that 5.5 is the first Sonnet model that will be subject the same cyber safeguards that apply to Fable and Opus.
The company also plans to release a new version of Haiku — its smallest model — in the coming weeks, although it didn’t give a firm date as to when that would happen.
The last year has seen a flurry of new model releases from the major AI labs. Just last week, OpenAI released a number of new models — including enhanced versions of Sol and Luna, its mid-tier and budget-friendly models. Meta also announced a new model, which it said would power an upcoming feature associated with its smart glasses.
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Tech
Google is killing off Gemini’s Gems in favor of ‘skills’
As all-in-one AI agents like Meta’s Muse and Instinct take off, Google announced it’s shutting down the Gemini feature known as “Gems,” which had allowed users to build custom AI assistants for specific tasks. However, the work users invested in creating the Gems won’t be destroyed. Gems will be automatically migrated to “skills” that can be used across different AI tasks.
Details about the change are being shared in the Gemini app, where a message warns users that Gems will become skills starting on November 17, 2026. The company said it will migrate the Gems to the new format, so users won’t have to do anything to make the transition. The Gems themselves will remain usable until then.
Launched in 2024, Gems were meant to help users teach their AI to perform certain tasks without having to repeat the instructions. For instance, some of Google’s pre-made Gems had included a learning coach, a brainstorming assistant, a career guide, a coding partner, and an editor. Users could also make Gems for their own needs, like a running coach, nutritionist, or vacation planner. These custom assistants could also be shared with others, which Google had hoped would help make its Gemini AI app more popular.

The news of Gems’ shutdown is another example of why Google shouldn’t be so quick to give every new AI feature its own brand name, icon, and prominent placement in its app’s navigation — especially if it’s going to shuffle things around over time, merging one feature into another. (To be clear, this has been a failing point of Google’s strategy long before the AI era. At one point, for instance, the company was operating multiple different messaging and communication apps at the same time.)
Yet, even as skills, the former Gems still aren’t as consumer-friendly as just typing in text to a chatbot like Meta’s Muse. Instead, Google notes you’ll have to enter a forward slash “/” in a task thread to select the skill you want to use — a user interface that engineers, not regular folks, tend to prefer.
Gems’ wind-down was first reported over the weekend by 9to5Google.
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