\u201cI definitely want a cool house,\u201d said a man in his late 20s, who works as a researcher at one of the frontier AI labs. He stands to make tens of millions of dollars when the company he works for goes public\u2014something that may happen as early as this coming winter. \u201cIdeally one on each coast and a pied-\u00e0-terre in Paris,\u201d he added. \u201cI love Paris.\u201d<\/p>\n
He\u2019s one of a cohort of tech workers gearing up to spend big. Last week, SpaceX floated at a $1.77 trillion valuation, making 4,000 new millionaires<\/a> out of current and previous employees\u2014and turning its founder, Elon Musk, into the world\u2019s first trillionaire. And earlier in the month, two of the world\u2019s leading AI labs\u2014Anthropic (valued at $965 billion<\/a>) and OpenAI ($852 billion<\/a>)\u2014each filed S-1s with the Securities and Exchange Commission, formally signaling their intentions to go public too.<\/p>\n Some say we\u2019re in a stock bubble<\/a> and that it\u2019s only a matter of time until sky-high tech valuations come crashing down to Earth. Others say the technology unleashed by these juggernauts will transform the economy and trigger a wave of mass unemployment. Either way, the employees\u2014including engineers, researchers, and even some mechanics and welders<\/a> like Juan Hernandez, who once worked at SpaceX and now works at Blue Origin\u2014are set to cash in.<\/p>\n And so, they\u2019re making big plans.<\/p>\n","protected":false},"excerpt":{"rendered":"\u201cI definitely want a cool house,\u201d said a man in his late 20s, who works as a researcher…\n","protected":false},"author":2,"featured_media":496586,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[345,343,344,85,46,125],"class_list":["post-496585","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-il","tag-israel","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/496585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=496585"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/496585\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/496586"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=496585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=496585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=496585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}