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Fortune
Fortune
Nino Paoli

AI startups are leasing luxury apartments in San Francisco for staff and offering large rent stipends to attract talent

San Francisco skyline. (Credit: Getty Images)

The AI boom is bringing a wave of startups to San Francisco, and employees are receiving generous benefits in one of the country’s priciest housing markets. 

Roy Lee, CEO of AI tech startup Cluely, which makes software for job interviews and work calls, told The New York Times that he leased eight apartments for employees in a recently-built luxury complex situated just a one-minute walk away from the office. The rents in the 16-story building range from $3,000 to $12,000 a month. 

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