San Francisco-area estate sells for $70m in sign of AI-fueled wealth explosion

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Guardian Business

San Francisco-area estate sells for $70m in sign of AI-fueled wealth explosion

New owner is said to be involved in AI industry, as new class of multimillionaires is entering the real estate race A luxury Lake Como-inspired estate in the San Francisco Bay Area has sold to a buyer “in the AI world” for a record $70m, in the latest sign of a new tech wealth boom that’s pushing home prices to extraordinary heights in the region The property south of San Francisco not only becomes the most expensive…