It is happening, just as planned and predicted. Last I checked every so-called AI company is swimming in cash, and so are their founders and leaders. You didn’t think the economic surplus would be evenly distributed, did you?

> Weird, I thought AI was going to create so much economic surplus that we wouldn’t know what to do with it. What happened?

The surplus is converted in new structure and becomes baseline. Even if a company does not change, their competition does (with AI), and their customers & investors change their values as well. So the structure in which the company exists has changed.

That forces everyone to adapt, but most importantly surplus cannot be captured. Everyone is working harder just to stay in place. AI is like internet, Google search and MS office - everyone has them. They provide no competitive advantage, no moat for using them.

Straight into landlord's pockets.

That's a multi-decade phenomenon based on historical precedents (in the best case scenario). Ultimately, whether that "best case" manifests is dependent on whether SF residents want it badly enough. It's a matter of political will -- residents' Progressive values have to actually align with how they vote and act (over the long-term)

Same place it always goes, yachts.

Please read the actual article instead of blindly responding to the title.